RE: Man Uses $1m Win To Finally Visit Doctor, Gets Terminal Cancer Diagnosis, Dies
February 5, 2018 at 6:10 pm
(February 5, 2018 at 5:41 pm)LadyForCamus Wrote: Well, Alpha’s entire argument rests precipitously on, ‘all other factors equal’, but we all know that that, ofc., is not the case.
Yet, it's an accepted method of analyzing economic questions:
https://en.wikipedia.org/wiki/Ceteris_pa...rpretation
Quote:Ceteris paribus or caeteris paribus is a Latin phrase meaning "other things equal". English translations of the phrase include "all other things being equal" or "other things held constant" or "all else unchanged".
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A ceteris paribus assumption is often key to scientific inquiry, as scientists seek to screen out factors that perturb a relation of interest.
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One of the disciplines in which ceteris paribus clauses are most widely used is economics, in which they are employed to simplify the formulation and description of economic outcomes.

