parsimony

noun
UK: /ˈpɑːrsɪməni/
US: /ˈpɑːrsɪmoʊni/

  1. Extreme unwillingness to spend money or use resources.

    1. His parsimony was evident in his old clothes.
    2. The company's parsimony in research funding ultimately hurt its innovation.

  2. The principle that the simplest explanation is usually the correct one.

    1. We should favor the hypothesis based on parsimony.
    2. Scientists often apply parsimony when building theoretical models, favoring simplicity.

Synonyms

frugality thrift economy simplicity

Frequently Asked Questions

The word "parsimony" in English means: Extreme unwillingness to spend money or use resources., The principle that the simplest explanation is usually the correct one..

The phonetic transcription of "parsimony" is /ˈpɑːrsɪməni/ in British English and /ˈpɑːrsɪmoʊni/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "parsimony": frugality, thrift, economy, simplicity.

Example usage of "parsimony": "His parsimony was evident in his old clothes.". More examples on the page.