What does all else being equal mean?

Definitions for all else being equal
all else be·ing equal

This dictionary definitions page includes all the possible meanings, example usage and translations of the word all else being equal.


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Wiktionary

  1. all else being equaladverb

    Holding other conditions unchanged; ceteris paribus.

Wikipedia

  1. all else being equal

    Ceteris paribus (also spelled caeteris paribus; (Modern Latin: [ˈse.tɛ.ris ˈpa.ri.bus]) is a Latin phrase, meaning "other things equal"; some other English translations of the phrase are "all other things being equal", "other things held constant", "all else unchanged", and "all else being equal". A statement about a causal, empirical, or logical relation between two states of affairs is ceteris paribus if it is acknowledged that the statement, although usually accurate in expected conditions, can fail because of, or the relation can be abolished by, intervening factors.A ceteris paribus assumption is often key to scientific inquiry, because scientists seek to eliminate factors that perturb a relation of interest. Thus epidemiologists, for example, may seek to control independent variables as factors that may influence dependent variables—the outcomes of interest. Likewise, in scientific modeling, simplifying assumptions permit illustration of concepts considered relevant to the inquiry. An example in economics is "If the price of milk falls, ceteris paribus, the demand for milk will rise." This means that, if other factors, such as deflation, pricing objectives, utility, and marketing methods, do not change, the decrease in the price of milk will lead to an increase in demand for it. In the philosophy of science, there is debate about ceteris paribus statements. In the logical empiricist view, fundamental physics tends to state universal laws, whereas other sciences, such as biology, and social sciences, such as economics and psychology, tend to state laws that hold true in normal conditions but have exceptions: ceteris paribus laws (cp laws). The focus on universal laws is a criterion distinguishing fundamental physics as fundamental, whereas cp laws are predominant in most other sciences as special sciences, whose laws hold in special cases. This distinction assumes a logical empiricist view of science. It does not readily apply in a mechanistic understanding of scientific discovery. There is reasonable disagreement as to whether mechanisms or laws are the appropriate model; mechanisms are the favored method. Another possibility if we assume ceteris paribus in a scenario is the tendency to ignore many important factors that may play even greater roles in the measure of the dependent variable. Some assumptions tend to be highly unrealistic and can lead to wrong beliefs among scientists.

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Numerology

  1. Chaldean Numerology

    The numerical value of all else being equal in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of all else being equal in Pythagorean Numerology is: 6

Examples of all else being equal in a Sentence

  1. Hannah Jones:

    All else being equal, this would likely mean a more aggressive rate hike at next week’s FOMC meeting, however, in light of last week’s bank failures, the committee may choose to remain conservative to ensure stability in the economy.

  2. Colin Jorgensen:

    All else being equal, it's undisputed it's better for a woman to have an abortion earlier than later, the state would prefer there be no abortions, but we're not allowed to do that at this time.

  3. Mark Zandi:

    It will lift long-term economic growth and by so doing, all else being equal, will take the edge off of inflation long run, but again that's pretty small potatoes, because it's very much on the margin and a lot of the programs expire, so they would presumably have no effect later in the decade.

  4. Stanley Fischer:

    The limited macroprudential toolkit in the United States leads me to conclude that there may be times when adjustments in monetary policy should be discussed as a means to curb risks to financial stability, a more restrictive monetary policy would, all else being equal, lead to deviations from price stability and full employment.


Translations for all else being equal

From our Multilingual Translation Dictionary

  • كل شيء يجري على قدم المساواةArabic
  • همه چیز برابر استPersian
  • बाकी सब बराबरHindi
  • سب کچھ برابر ہےUrdu
  • 一切都是平等的Chinese

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"all else being equal." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/all+else+being+equal>.

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