Estimation is the skill of making a good guess with incomplete information. It is useful in work, in money and in daily life.
Why it is a skill
Good estimators are not lucky. They break a problem into parts, they use what they know and they check their results.
How home prices train it
- Break it down: price per square metre times size.
- Use what you know: the area, the type of home.
- Check the result: the real price comes at once.
Feedback is the key
Most estimates in life never get checked. In a game, every guess gets an answer in seconds. That fast feedback makes you better quickly.
Calibration
Over time you learn not only to guess better, but also to know how sure you are. That is called calibration, and it is valuable everywhere.
Start small
Five rounds a day for two weeks. Then notice how your guesses in other areas of life change too.
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