Abstract
We study Ramsey's theorem for pairs and two colours in the context of the theory of $\alpha$-large sets introduced by Ketonen and Solovay. We prove that any $2$-colouring of pairs from an $\omega^{300n}$-large set admits an $\omega^n$-large homogeneous set. We explain how a formalized version of this bound gives a more direct proof, and a strengthening, of the recent result of Patey and Yokoyama [Adv. Math. 330 (2018), 1034--1070] stating that Ramsey's theorem for pairs and two colours is $\forall\Sigma^0_2$-conservative over the axiomatic theory $\mathsf{RCA}_0$ (recursive comprehension).
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