Imagine you are a teacher grading student essays. You want to ensure students write high-quality essays without using too many fancy, complicated words (which can confuse readers). You introduce two rules:
1. Rule 1 (L1 Regularization): Students should use only a few high-quality words (important features) and avoid using too many unnecessary words.
2. Rule 2 (L2 Regularization): Students should keep their sentences simple and avoid using overly complex words.
By following these rules, students write clear and concise essays that are easier to understand (generalize better).