My aim in this paper is to develop a unified solution to two paradoxes of bounded rationality. The first is the regress problem that incorporating cognitive bounds into models of rational decisionmaking generates a regress of higher-order decision problems. The second is the problem of rational irrationality: it sometimes seems rational for bounded agents to act irrationally on the basis of rational deliberation. I review two strategies which have been brought to bear on these problems: the way of weakening which (...) responds by weakening rational norms, and the way of indirection which responds by letting the rationality of behavior be determined by the rationality of the deliberative processes which produced it. Then I propose and defend a third way to confront the paradoxes: the way of level separation. (shrink)

ABSTRACT Against the maximizing conception of practical rationality, Michael Slote has argued that rationality does not always require choosing what is most rational. Instead, it can sometimes be rational to do something that is less-than-fully rational. In this paper, I will argue that maximizers have a ready response to Slote’s position. Roy Sorensen has argued that ‘rational’ is an absolute term, suggesting that it is not possible to be rational without being completely rational. Sorensen’s view is confirmed by the fact (...) that, by the lights of contemporary linguistics, ‘rational’ is an absolute gradable adjective. Because ‘rational’ is an absolute gradable adjective, being rational requires being at the top of the scale of rationality, making anyone who is not fully rational positively irrational. Contra Slote, the only way to be rational enough is to be maximally rational. (shrink)