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

420 views

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

In: 16

7 Answers

Anonymous 0 Comments

You assume that all but the variable being discussed are comparable.

E.g. If I say “all else being equal, I prefer blondes” that implies the women are of similar attractiveness.

You are viewing 1 out of 7 answers, click here to view all answers.