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What's supposed to be the take-away from this? Is it to prove that knowing one or two bits of trivia and maybe a formula, by rote, can make your (unaided) estimation of related things vastly more accurate? That's all I'm getting from it, but maybe that's what's intended. Examples: if I didn't happen to have an accurate-enough figure for the diameter of the Earth in miles, plus a formula for the surface area of a sphere, plus roughly the proportion of the Earth's surface that's land, all in my head, there's no chance at all I could produce a useful-for-any-purpose-whatsoever estimate of "area of the Asian continent" without researching it (at which point I could just look up a fairly exact figure, without knowing any of that). Year of Alexander the Great's birth, well I happen to know roughly when Aristotle was active and that they were alive at the same time. Otherwise, again, I'd produce a useless-for-most-any-purpose guess. Total US currency, I bet knowing something like the current annual GDP of the US would at least narrow that down, and is something someone might plausibly have at hand (I don't, my guessed range on that would be hilariously bad). If you have a sense of blockbuster movie budgets and/or returns, which one can acquire from paying attention to entertainment headlines, it's easy to come up with a reasonable range for Titanic's box office receipts. And so on. Is the point that trivia's highly valuable, actually, if you have to estimate a bunch of arbitrary stuff purely from memory? |
The point of the test -- as shown by the response graph after it -- is to show that when someone asks us for a 90%-confidence estimate, we don't really understand what that means, and end up giving 30%-confidence estimates. The point is that people need to understand what they do and don't know, and reflect their level of uncertainty with the width of the range.
If I have a trivial task that I've done a hundred times before, I might say that it'll take me 45-60 minutes to complete, and 90% of the time I'd be right. But if it's something I've never done before, and I don't understand the steps or complexity, I might say that it'll take me between 30 minutes and 8 hours.
This scales up, too. For a larger project that I understand well, I might say 6-8 weeks, while for something I don't understand, I might say 4-12 weeks.
Over time, I can determine if I make good-enough estimates by checking to see if 90% of the time the actual time to delivery fell within the stated range. It doesn't matter if it's at the beginning of the range, end of the range, or right in the middle. I just need to hit somewhere in the range, 90% of the time.
For example, for the Alexander the Great question, I don't have a clue. Your mention that he was a contemporary of Aristotle actually made me realize I believed he was much more modern-day than he is. So I might give a range of like 1000BC to 0AD, because I recall that Aristotle was definitely BC, but I don't really have much confidence as to when. Looks like the right answer is 356BC. So my estimate was correct, even though it had a wide range. Giving people (like your manager) a wider range also communicates your uncertainty, which is a useful piece of information for them to have. The issue is that I think many engineering managers simply won't accept a true 90% estimate if it's wider than they know what to do with from a planning perspective.