Tag: Judgment

Watch Your Head! Ceteris Paribus is Falling!

Topic: Decision Making, Judgement Publication: Academy of Management Article: Resolving the commitment versus flexibility tradeoff: The role of resource accumulation lags. Blogger: Katie Bachman Ceteris paribus—all else equal—is the economist’s favorite term. It covers all manner of sins because, as we know in psychology, nothing is ever equal or same or whatever. It is the assumption of no variance and it is the mark of an economics article, which is