We use a combinatorial approach to identify and compute the number of non-isomorphic choices on four elements that can be explained by several models of bounded rationality. •These estimates offer a tool to analyze choice experiments designed on four-element sets.•The presented methodology allows the application of an algorithm to estimate the fraction of choices justifiable by these models on finite sets.•Our approach can be extended to evaluate other - existing or future - models of bounded rationality.
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| http://www.ncbi.nlm.nih.gov/pmc/articles/PMC9508566 | PMC |
| http://dx.doi.org/10.1016/j.mex.2022.101854 | DOI Listing |
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