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Parsimony

//ˈpɑɹ.səˌmoʊ.ni// noun

Definitions

Noun
  1. 1
    Great reluctance to spend money unnecessarily. uncountable, usually

    "Near-synonyms: (usually admirable) frugality, economy, thrift, thriftiness; (excessive degree) tightness, stinginess; (extreme degree) miserliness; see also Thesaurus:frugal, Thesaurus:stingy"

  2. 2
    extreme stinginess wordnet
  3. 3
    The quality or characteristic of using the fewest resources or explanations to solve a problem. broadly, uncountable, usually

    "We used three search heuristics, Bayesian inference, maximum likelihood, and maximum parsimony, to construct phylogenies from unique COI haplotypes and used default parameters for analyses unless otherwise noted."

  4. 4
    extreme care in spending money; reluctance to spend money unnecessarily wordnet

Etymology

From Middle English parcimonie, from Middle French parsimonie, from Latin parsimōnia (“frugality, sparingness”), from pars-, past participle stem of parcere (“to spare”), + -monia, suffix signifying action, state, or condition.

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