I like to think of it as an extension of the conjunction fallacy; the probability of A and B being true can't be higher than the probability of either A or B; adding new conditions can only make the probability stay the same or go down. So the probability of a theory once it has an extra postulate, must be equal to or lower than the probability of the same theory with fewer postulates. Of course, that assumes the independence of the postulates.
The probability of the postulates all being true goes down as you add postulates. The probability of the theory being correct given the postulates may go up.
Sean Carroll, physicist and proponent of Everettian Quantum Mechanics, has just posted a new article going over some of the common objections to EQM and why they are false. Of particular interest to us as rationalists:
Very reminiscent of the quantum physics sequence here! I find that this distinction between number of entities and number of postulates is something that I need to remind people of all the time.
META: This is my first post; if I have done anything wrong, or could have done something better, please tell me!