ELI5, ‘Ceteris paribus’ or ‘all things being equal’, what does that ACTUALLY mean?

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It’s a turn of phrase but I don’t actually understand what all things being equal means.

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Anonymous 0 Comments

Who is colder: the guy wearing a sweater, or the guy wearing swim trunks?

If set the temperate at 55 degrees (“all things equal”) then the guy in swim trunks is colder.

But if we compare a guy swimming in Florida vs. wearing a sweater in Alaska, then it could be reversed.

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