When a query contains more than one column predicate, cardinality estimation becomes more difficult. Selectivity computation in SQL Server 2014 behaves the same as previous versions (and trace flag 4137 works as before) if the database compatibility level is set lower than 120, or if trace flag 9481 is active. Setting the database compatibility level is the official way to use the pre-2014 cardinality estimator in SQL Server 2014. Trace flag 9481 is effective to do the same thing as at the time of writing, and also works with
QUERYTRACEON, though it is not documented to do so.
This article by Paul White explains how the Cardinality Estimator works in SQL Server 2014 and before, with great examples and illustrations.