a problem-solving principle

Occam's Razor is a problem-solving principle attributed to William of Ockham who was a fourteenth century English Franciscan friar, scholastic philosopher and theologian.

a logical principle

Occam's razor is a logical principle attributed to the mediaeval philosopher William of Occam (or Ockham).

a heuristic

One of the most important tools to detectives is a heuristic known as Occam’s Razor.

a philosophical principle attributed to the 14th-century logician and Franciscan friar William of Occam

Occam’s Razor is a philosophical principle attributed to the 14th-century logician and Franciscan friar William of Occam.

which means the simplest explanation is probably correct

This is known as Occam’s Razor, which means the simplest explanation is probably correct.

a good principle

As for Occam's razor, while Occam's razor is a good principle, Occam's razor is not always correct to invoke Occam's razor-

a philosophical principle named about William of Ockham, a 14th century logician and theologian

Occam's Razor is a philosophical principle named about William of Ockham, a 14th century logician and theologian.

a principle from philosophy

the internet wrote: Occam's razor (or Ockham's razor) is a principle from philosophy.

a reliable rule of thumb

In the Wild West of bitcoin, Occam's Razor isn't always a reliable rule of thumb, but the weight of thumb nonetheless clearly rests on one possibility here:

a principle of theoretical parsimony

Occam's razor, a principle of theoretical parsimony suggested by William of Ockham in the 1320s, asserted that the 1320s is vain to give an explanation which involves more assumptions than necessary.

the simplest solution is usually the right one

And by the way, Occam's Razor means the simplest solution is usually the right one.

a principle particularly relevant to modeling

Occam's razor is a principle particularly relevant to modeling, a principle's essential idea being that among models with roughly equal predictive power, the simplest one is the most desirable.

a truth-finding heuristic which says that among competing hypotheses, the one that makes the fewest assumptions is often the best

Occam’s razor is a truth-finding heuristic which says that among competing hypotheses, the one that makes the fewest assumptions is often the best.

aka the principle of parsimony/succinctness

Although it came long before, I see Occam’s Razor, aka the principle of parsimony/succinctness, as a sort of footnote to Popper’s criteria.

which says the simplest explanation that fits the facts is the best

A classic example is Occam’s Razor which says the simplest explanation that fits the facts is the best.

just a tool among many

In science, Occam’s razor is just a tool among many.

a sturdy 14th-century rule of thumb developed by a 14th-century English monk of the same name

No, the razor I have in mind is Occam’s Razor, a sturdy 14th-century rule of thumb developed by a 14th-century English monk of the same name.

the rule that we should select the simplest explanation that explains all the evidence

Occam's razor is simply the rule that we should select the simplest explanation that explains all the evidence.

the notion that we should look for the simplest explanation that is consistent with the empirical data

In a modern scientific context, Occam's razor is the notion that we should look for the simplest explanation that is consistent with the empirical data.

used in philosophy that states: “do not multiply entities beyond necessity”

Occam’s razor is a principle used in philosophy that states: “do not multiply entities beyond necessity”.