The Good, the Bad and the Far-fetched Michael Morreau Abstract: To judge the suitability of courses of action, the adequacy of explanations and the worthiness of acts we must sometimes evaluate hypothetical arguments. I shall consider the scheme A>B, B>C/A>C, transitivity (> is a counterfactual conditional connective). It is invalid in standard treatments. My main purpose is to explain why some instances are compelling anyway. They are, I argue, because their counterexamples are far-fetched. I shall also consider the prospects for a non-standard treatment, in which transitivity is valid and seeming counterexamples are to be explained away. They do not seem to be very good. Keyword(s): counterfactuals, inference