Occam's Razor (redirected from Economy Principle)

Occam's Razor

The simplest expression of scientific truth; where 2 theories exist to explain a similar phenomenon, the one making the fewest assumptions should prevail—i.e., it should be no more complicated than necessary. In keeping with Occam’s razor, generalisations should be based on observed facts and not on other generalisations

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Occam's razor

a principle named after William of Occam, a 14th century philosopher. The generalization states that, if there are a number of explanations for observed phenomena, the simplest explanation is preferred. Called also scientific parsimony.