Definition Ceteris Paribus. Description.
Ceteris Paribus is a Latin term that indicates all other influencing
factors are held constant, all other things being equal.
A prediction, or a statement about causal or logical connections
between two states of affairs, is qualified by ceteris paribus in order to
acknowledge, and to rule out, the possibility of other factors which could
override the relationship between the antecedent and the consequent.
One of the disciplines in which ceteris paribus clauses are
most widely used is economics, in which they are essential to simplify the
formulating of and making predictions under the law of supply and demand.
So-called ceteris paribus clauses are also important in philosophy, particularly
in ethics, moral psychology and management, where they are often used in the
analysis of the relation between mental states and behavior.
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