The sun, moon and other solar system planets can be described as revolving around the Earth. However that explanation's ideological and complex assumptions are completely unfounded compared to the modern consensus that all solar system planets revolve around the Sun. Ockham's razor (also written as Occam's razor and in Latin lex parsimoniae) is a principle of parsimony, economy, or succinctness used in problem-solving devised by William of Ockham (c. 1287 - 1347). It states that among competing hypotheses, the one with the fewest assumptions should be selected. Other, more complicated solutions may ultimately prove correct, but—in the absence of certainty—the fewer assumptions that are made, the better. Solomonoff's theory of inductive inference is a mathematically formalized Occam's Razor: shorter computable theories have more weight when calculating the probability of the next observation, using all computable theories which perfectly describe previous observations.
Related: Business Model thinking
• Meta-Science (Philosophy of Science)
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