New Empirical Evidence on Disjunction Effect and Cultural Dependence

Abstract

We perform new experiment using almost the same sample size considered by Tversky and Shafir to test the validity of classical probability theory in decision making. The results clearly indicate that the disjunction effect depends also on culture and more specifically on gender (females rather than males). We did more statistical analysis rather that putting the actual values done by previous authors. We propose different kind of disjunction effect i.e. strong and weak based on our statistical analysis.