Conforming to the law of parsimony is a required characteristic for what is considered a good theory?

Question

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A good theory should conform to the law of parsimony, which suggests that among competing hypotheses, the one with the fewest assumptions should be selected. This principle, also known as Occam's razor, is valued because it promotes simplicity and efficiency in understanding and explaining phenomena.

Conforming to the Law of Parsimony Is a Required Characteristic