Introduction.- Framing Effects: Theory and Evidence: The Organization of Experience: Outline of Part I; On Billiard Players, Cognitive Limitations, and Intuitive Scientists; Description Invariance; Contingent Decision-Making; Working Definitions of the Framing Effects.- Prospect Theory: Outline of the Chapter; Theory; Empirical and Experimental Performance; A Selection of Framing Experiments; A Problem with Reference Points.- The Endowment Effect: Outline of the Chapter; Theoretical Aspects; An Excursion: Contingent Valuation; Empirical Evidence; Some Implications for Economic Analysis.- The Status Quo Bias: Outline of the Chapter; Stability versus Change; Empirical and Experimental Evidence; Some Possible Explanations; The Omission Bias.- Upshot.- Framing Effects in the Perception of Taxation: An Empirical Study: The Survey: Motivation and Outline; Test Method; The German Tax and Transfer System in a Nutshell; The Questionnaire; Procedure; Data Sources; Breakdown of the Sample.- Results: Notation and Data Preparation; Hypotheses; Testing for the Endowment Effect; Testing for the Influence of Personl Characteristics and Attitudes; Testing for the Schelling Effect.- Summary and Conclusion.