Sriram,
Is it some kind of a proclamation or mandate that 'a hypothesis with fewer assumptions should be accepted as more correct'?! It is an assumption by itself.
No it isn’t. Let’s say that you apply for the job of astronaut on the first SpaceX rocket to the moon. Elon calls you to say you’ve got the gig, and explains that they’ve had their finest engineers, software specialists, aeronauticists etc draw up the designs, which have now been used to build the rocket to their exact specifications. You have been specially selected for the first launch, and you can either jump straight in and head off or, if your prefer, they’ll try a few unmanned test flights first just in case.
Which option would you select?
Why?
That’s Occam’s razor in its practical application.
There is no data to back up the idea that fewer assumptions make a theory correct.
Of course there is. There’s data from just about every field of human endeavour.
It just doesn't make sense.
If you really think that, take the untested rocket option then.
It depends on the nature of the assumptions.
No it doesn’t. Any additional assumption relevant to the truthfulness of the statement (or to the rocket design for that matter) adds to the risk of mistake. Assumptions that are not relevant to that on the other hand – assuming that Elon likes cheese for example – are neither here nor there for the purpose of the truth that’s being established.
Might have been useful from a theological point of view...perhaps.
And science, and engineering, and…pretty much every activity that entails establishing the truthfulness of something.
It is just something people find convenient to throw at anyone who makes a philosophical argument.
Remember that statement as you’re being strapped in to your untested rocket…