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mif | 1 year ago

Reminds me of [1]. We are good at estimating the median but not the mean.

[1] https://erikbern.com/2019/04/15/why-software-projects-take-l...

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baq|1 year ago

Also made this exact association. My takeaway: when estimating unknown quantities in software development you can treat means as infinite thus making any project unestimatable (management hates this reasoning - a friend told me, pinky promise); otherwise assign some non-zero probability than any mean will be 10-100x of the estimate.