The principle that irrelevant detail should not be included in a model is known as
A) a fallacy.
B) ceteris paribus.
C) Ockham's razor.
D) normative economics.

Name: The principle that irrelevant detail should not be included in a model is known as A) a fallacy. B) ceteris paribus. C) Ockham's razor. D) normative economics.
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Question

Quizplus · Accepted Answer

Ockham's razor is a principle that suggests the simplest explanation is usually the correct one, which aligns with the idea of not including irrelevant detail in a model.

The Principle That Irrelevant Detail Should Not Be Included in a Model