We present empirical evidence that human reasoning follows the rules of probability theory, if information is presented in änatural formats¶. Human reasoning has often been evaluated in terms of humansÁ ability to deal with probabilities. Yet, in nature we do not observe probabilities, we...

The classic framing paradigm of decision research uses analogies from the Asian disease problem to test Prospect theory. This paradigm has been critizised for being susceptible to many disrupting influences and at the same time for allowing for alternative explanations of its obtained findings....