parsimony

[ˈpɑːsɪməni]

parsimony Definition

  • 1extreme unwillingness to spend money or use resources
  • 2the quality of being very unwilling to spend money or use resources

Using parsimony: Examples

Take a moment to familiarize yourself with how "parsimony" can be used in various situations through the following examples!

  • Example

    The company's parsimony led to a lack of investment in new technology.

  • Example

    His parsimony was evident in the cheap gifts he gave for Christmas.

  • Example

    The government's parsimony in funding education has resulted in a decline in the quality of schools.

parsimony Synonyms and Antonyms

Synonyms for parsimony

Antonyms for parsimony

Phrases with parsimony

  • the principle that, when explaining a phenomenon, one should choose the simplest explanation that requires the fewest assumptions

    Example

    The law of parsimony suggests that the simplest explanation is usually the correct one.

  • a principle in science and philosophy that states that, when given a choice between two explanations that make the same predictions, one should prefer the simpler of the two

    Example

    The parsimony principle is often used in scientific research to determine which hypothesis is most likely to be true.

  • the practice of using the simplest possible method or theory to explain a phenomenon

    Example

    Methodological parsimony is important in scientific research because it helps to avoid unnecessary complexity.

Origins of parsimony

from Latin 'parsimonia', meaning 'frugality'

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Summary: parsimony in Brief

'Parsimony' [ˈpɑːsɪməni] refers to extreme unwillingness to spend money or use resources. It can also denote the quality of being very unwilling to spend money or use resources. The term extends into phrases like 'law of parsimony,' which suggests choosing the simplest explanation, and 'methodological parsimony,' which advocates using the simplest possible method or theory. Examples include 'The company's parsimony led to a lack of investment in new technology.'