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I'm reading about when a $H(z)$ system is min phase or max phase, and I get when a system is a min phase or max phase depending on the location of the zeroes. But I don't get at all the phase shift part. on one point wikipedia says that these two transfer functions:

$\frac{s+10}{s+5} \; and \;\; \frac{s-10}{s+5} $ $\\\\$

"have equivalent magnitude responses but however the second system has a much larger contribution to the phase shift." So what is phase shift?

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Let the complex frequency response of an LTI system be

$$H(\omega)=M(\omega)e^{j\phi(\omega)}\tag{1}$$

with magnitude $M(\omega)$ and phase $\phi(\omega)$. If the input to such a system is $x(t)=A\sin(\omega_0t+\theta)$, then its output is given by

$$y(t)=AM(\omega_0)\sin\big(\omega_0t+\theta+\phi(\omega_0)\big)$$

The quantity $\phi(\omega_0)$ is called the phase shift at frequency $\omega_0$. The negative of the phase shift is usually called phase lag.

The minimum-phase system has the smallest phase lag of all systems with the same magnitude response $M(\omega)$.

Another property of minimum-phase systems is that they have the smallest group delay of all systems with the same magnitude response $M(\omega)$. Group delay is defined as the negative derivative of the phase with respect to frequency.

For a first-order system with transfer function

$$H(s)=\frac{s+a}{s+b}\tag{2}$$

the phase is given by

$$\phi(\omega)=\arctan\left(\frac{\omega}{a}\right)-\arctan\left(\frac{\omega}{b}\right)\quad(\pm\pi)\tag{3}$$

The presence of the additive term $\pm\pi$ depends on the signs of $a$ and $b$, but since we're interested in the derivative of $(3)$, this term is irrelevant. Taking the negative derivative of $(3)$ gives

$$\tau_g(\omega)=\frac{b}{\omega^2+b^2}-\frac{a}{\omega^2+a^2}\tag{4}$$

Since $H(s)$ must be stable, we require $b>0$, which results in a positive contribution to the group delay. A positive value of $a$, corresponding to a minimum-phase system, results in a negative contribution due to the right-most term in $(4)$, hence reducing the group delay. For $a<0$ (maximum-phase), the contribution of the second term on the right-hand side of $(4)$ is positive, hence maximizing the group delay.

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Phase shift is often confused with time delay, although related these are two different quantities. In signal processing, phase shift specifically refers to the rotation of a complex number. For example given the complex number $x = Ae^{j\theta}$ which through Euler's formula has real and imaginary components given as $A\cos(\theta)+jA\sin(\theta) = I + jQ$, a phase shift of $\phi$ would rotate $x$ according to:

$$ x e^{j\phi}= Ae^{j(\theta+\phi)}$$

Resulting in real and imaginary components as:

$$xe^{j\phi}= A\cos(\theta+\phi)+jA\sin(\theta+\phi)$$

phase shift

Time domain and frequency domain waveforms can be represented as complex numbers where each sample has a magnitude and a phase. A phase shift would be a rotation of those samples, in either domain (so we can have a phase shift in time, or a phase shift in frequency). A constant delay in time has the property of a linear phase in frequency: the phase shift versus frequency will be linearly increasing in the negative direction for a fixed delay in time. For instance, given the observation of a sinusoidal tone at the input and output of a cable (fixed delay), for an extremely low frequency we would see the result of a very small phase difference between the sinusoid measured at the output compared to the input, but as the frequency is increased, this measured phase would increasingly larger in direct proportion to the increase in frequency.

One of my favorite questions to ask which when answered properly shows this point is really understood is “design a DC source with a phase of 30 degrees”. This drives home the point that any signal including DC can be rotated in phase and that complex signals can and are implemented in the “real world”.

For further related details, see:

What is an Intuitive Explanation of the Phase of a Signal

How does a shift in time domain result in phase shift in frequency spectrum?

Meaning of Phase response of a filter? In simple words?

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