I argue that bounded agents face a systematic accuracy-coherence tradeoff in cognition. Agents must choose whether to structure their cognition in ways likely to promote coherence or accuracy. I illustrate the accuracy-coherence tradeoff by showing how it arises out of at least two component tradeoffs: a coherence-complexity tradeoff between coherence and cognitive complexity, and a coherence-variety tradeoff between coherence and strategic variety. These tradeoffs give rise to an accuracy-coherence tradeoff because privileging coherence over complexity or strategic variety often leads to (...) a corresponding reduction in accuracy. I conclude with a discussion of two normative consequences for the study of bounded rationality: the importance of procedural rationality and the role of coherence in theories of bounded rationality. (shrink)

I will present a novel account of justification in terms of knowledge on which one is justified in believing p just in case one could know that p. My main aim is to unravel some of the formal properties that justification has in virtue of its connection to knowledge. Assuming that safety is at least a necessary condition for knowledge, I show that justification doesn’t iterate trivially; isn’t a luminous condition; is closed under a certain kind of multi-premise closure principle, (...) but; surprisingly one can nevertheless believe with justification a set of claims that’s jointly inconsistent. This last feature allows for a rather satisfying solution to the preface paradox. Finally, I contrast my account with other knowledge-first accounts of justification. (shrink)