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

> “Hey, would you rather go out for pizza or Chinese?”

> “Well, all other things equal, I’d prefer Chinese.”

What this means is that if there are no other factors considered: distance to the restaurant, price, crowdedness, what other people want to eat, etc etc etc — if all those other factors were held equal — the second speaker would like Chinese food.

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