The common ratio effect is another failure of the theory to cope with humans, similar to the common consequence effect.
Let:
X={3*10^3}
Px={1}
Y={4*10^3,0}
Py={.8,.2}
X'={3*10^3,0}
Px'={.25,.75}
Y'={4*10^3,0}
Py'={.2,.8}
You should choose X,X' or Y,Y' but this is often violated.