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Yasser_Elassal comments on No, Really, I've Deceived Myself - Less Wrong
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Occam's Razor is a heuristic... and one I proceed according to- but its not at all clear just what its justification is. Why exactly ought we to believe the simpler hypothesis?
For simplicity, Occam's razor is often cited as "choose the simplest hypothesis" even when it's more appropriate to employ its original definition as the principle that one should favor the explanation that requires the fewest assumptions.
I agree that less_schlong shouldn't be citing Occam's razor as some fundamental law of the universe, but I do think it's obvious that all things being equal, we should attempt to minimize speculative assumptions.