Data-driven decisions · Uncertainty
Estimation Challenge: Ranges, Not Guesses
Teams estimate ten tricky quantities with a range they are 80 percent sure about, then discover how well calibrated they are.
Quick answer
How do you run Estimation Challenge: Ranges, Not Guesses with a team?
Teams estimate ten tricky quantities with a range they are 80 percent sure about, then discover how well calibrated they are. Duration: 30 minutes. Group size: 4–200 people. Setting: Virtual. Below you will find a step-by-step guide, the materials and facilitator tips.
- Duration
- 30 minutes
- Group size
- 4–200 people
- Setting
- Virtual
- Energy level
- Calm
- Materials
- A list of ten questions with known answers (for example the length of a river, the population of a city, a figure from your industry), Answer sheets, A pen per team
- Price
- Free, no sign-up
Objective
Practise estimating with honest ranges and recognise overconfidence in forecasts.
Materials
- A list of ten questions with known answers (for example the length of a river, the population of a city, a figure from your industry)
- Answer sheets
- A pen per team
Step by step
- Explain the rule: for each question, give a low and high number so that you are 80 percent sure the true answer lies between them.
- Teams of three to five work through the ten questions in 15 minutes.
- Reveal the answers one by one; teams count how many fall inside their ranges.
- A well-calibrated team should get about eight out of ten; discuss whether your ranges were too narrow or too wide, and why.
- Introduce two techniques: start from a similar known number, and break the question into parts.
- Run a second set of five questions and compare results.
Facilitator tips
- Make it clear that wide ranges are allowed; the goal is honesty, not precision.
- Link the debrief to real estimates at work: sales forecasts, project durations and budgets.
Variations
- Add yes/no questions with a probability, such as "70 percent likely".
- Play it in the opening session of a planning meeting.
Accessibility
Seated, low-energy activity that works in the room or online. Questions can be shown on screen and read aloud.