Analysis / Occam's Razor

A common misconception is that Occam's Razor says "when dealing with a problem with multiple explanations, the simplest explanation is correct".

But more accurately, Occam's Razor states that the correct answer is the simplest one that also agrees with all of the facts. That is, Occam's Razor is not about simplicity; it only demands that the explanation be free of elements that have nothing to do with the phenomenon and the explanation.
http://tvtropes.org/pmwiki/pmwiki.php/Analysis/OccamsRazor