Parsimony Definition

A tendency to be over-careful in spending; unreasonable economy; stinginess.
Webster's New World
Adoption of the simplest assumption in the formulation of a theory or in the interpretation of data, especially in accordance with the rule of Ockham's razor.
American Heritage
Great reluctance to spend money unnecessarily.
By analogy from (1), principle of using the least resources or explanations to solve a problem.

Origin of Parsimony

  • Middle English parcimony from Latin parsimōnia from parsus past participle of parcere to spare

    From American Heritage Dictionary of the English Language, 5th Edition

  • From Old French parsimonie, from Latin parsimōnia (“sparingness, frugality"), from parcere (“to be sparing").

    From Wiktionary

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