In this paper, we claim that the problem of conditionals should be dealt with by carefully distinguishing between thinking conditional propositions and conditional thinking, i.e. thinking on the basis of some supposition. This distinction deserves further investigation, if we are to make sense of some old and new experimental data concerning the understanding and the assertion of conditional sentences. Here we will argue that some of these data seem to refute the mental models theory of conditional reasoning, setting the ground (...) for a different approach to the cognitive study of conditionals. (shrink)