Ockham's Razor ("Occam" is a Latinised variant) is the principle proposed by William of Ockham in the fifteenth century that "Pluralitas non est ponenda sine neccesitate", which translates as "entities should not be multiplied unnecessarily". Various other rephrasings have been incorrectly attributed to him. In more modern terms, if you have two theories which both explain the observed facts then you should use the simplest until more evidence comes along.
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