 Suppose that we start with a set of first-order moral considerations that are all commensurable as a matter of ultimate, metaphysical fact, but that our grasp of the actual strength of these considerations is quite poor and subject to systematic distortions. Perhaps some people are much better placed than others to appreciate certain considerations, and perhaps our strategic interactions would cause us to reach suboptimal outcomes if we each pursued our own unfettered judgment of how the overall set of considerations plays out. In such circumstances, there is a strong case for departing from maximizing reasoning without swinging all the way to the holist alternative. This case has been influentially articulated by Joseph Raz, who develops the notion of an “exclusionary reason” to occupy this middle position (Raz 1990). 