Philosophical accounts of collective intentionality typically rely on members to form a personal intention of sorts, viewed as a mental state. This tendency is opposed by recent economic literature on team-directed reasoning (as studied by Bacharach, Gold, and Sugden), which focuses on the reasoning process leading up to the formation of the members’ intentions. Our formal analysis bridges these paradigms and criticizes the team- directed reasoning account on two counts: first, team-directed reasoning is supposed to transcend traditional game and decision theory by adopting a certain collectivistic reasoning method. However, we show that team-directed reasoning yields the same action recommendations as a certain I-mode we-intention type. Ac...