This flashcard explains "Ceteris paribus" as a Latin phrase meaning "all other things being equal," used to acknowledge that a prediction or statement about a relationship may fail if intervening factors occur.
This flashcard explains "Ceteris paribus" as a Latin phrase meaning "all other things being equal," used to acknowledge that a prediction or statement about a relationship may fail if intervening factors occur.
| Back | Ceteris paribus |
|---|---|
| Front | Ceteris paribus or ceterus paribus is a Latin phrase meaning "with other things the same" or "all other things being equal or held constant". A prediction or a statement about a causal, empirical, or logical relation between two states of affairs is ceteris paribus entails an acknowledgement that the prediction, although usually accurate in expected conditions, can fail or the relation can be abolished by intervening factors. |
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