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Ockham was a Franciscan monk who lived in the 14th century in England. He developed a principle in the theory of knowledge, what we know from his writings. The principle is that one should not assume the existence of something in a hypothesys, if it can be explained in a more simple way.
When there are several hypotheses, Ockham recommends to choose the hypothesis with the fewest assumptions. The razor is a symbol for the shaving of unnecessary complications. Ockham's Razor is often cited at the distinction of science and pseudoscience.
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