Hello,
I have a question about selecting the number of versions in Lighthouse software for my MaxDiff exercise. I’ve read that the default is 300, which provides a large design and significant combinatorial variation. However, in academic papers using Sawtooth, I often see much lower numbers, typically between 5 and 30.
Given that I expect around 200 respondents, what would be the appropriate number of versions to choose?
Thank you in advance for your help!