The Latin Expression for "All Else Equal" Is ______

question 170

Multiple Choice

The Latin expression for "all else equal" is ______.

• A) ad infinitum.
• B) carpe diem.
• C) ceteris paribus.
• D) de facto.
• E) prima facie.

---

Definitions:

Condorcet Paradox

A situation in social choice theory where collective preferences can be cyclic (i.e., not transitive), even if the individual preferences within the group are rational and transitive. It highlights the complexity of voting systems and decision making.

Individual Preferences

The personal likes or dislikes of an individual, which influence their decisions and behavior.

Social Preferences

Social Preferences indicate how individuals’ decision-making is influenced by the welfare of others, beyond self-interest.

Transitivity

In decision theory, the principle that if option A is preferred over B, and B is preferred over C, then A should be preferred over C.