The principle of economy | definition of the principle of economy by Medical dictionary
Ockham's razor (redirected from the principle of economy)
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Ockham's razor or
Occam's razor the principle which states that when a selection has to be made from various hypotheses, it is best to start with the hypothesis that makes fewest assumptions. It is named after William of Ockham (d. c .1349).
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The principle of economy
that emerged from the views of William of Occam, namely that where alternative hypotheses exist, the one involving the fewest assumptions is to be preferred, is still valid in science.