does not consider the subjective value consumers may pursue
may detract from focusing on the aspects of a situation that do change in tandem with other variablesceteris paribus vs mutatis mutandiswhile somewhat similar in assumption aspects ceteris paribus is not to be confused with mutatis mutandis translated as once necessary changes have been made it is used to acknowledge that a comparison such as the comparison of two variables requires certain necessary alterations that are left unsaid because of their obviousness in contrast ceteris paribus excludes any and all changes except for those that are explicitly spelled out more specifically the phrase mutatis mutandis is largely encountered when talking about counterfactuals used as a shorthand to indicate initial and derived changes that have been previously discussed or are assumed to be obvious the ultimate difference between these two contrasting principles boils down to correlation versus causation the principle of ceteris paribus facilitates the study of the causal effect of one variable on another conversely the principle of mutatis mutandis facilitates an analysis of the correlation between the effect of one variable on another while other variables change at will 7