SPIES Estimate

Subjective Probability Interval Estimate (SPIES) is a method shown to produce better-calibrated estimates than a single confidence interval, by forcing you to consider the full range of possible values before you commit to one.

Source: Haran, Moore & Morewedge (2010), "A simple remedy for overprecision in judgment", Judgment and Decision Making, 5(7).

Step 1 Generate bins

Enter the name of the value you are estimating. Bins are just a list of values — use Minimum/Maximum/Bin size below to generate an evenly-spaced list (e.g. weeks 0–8), or pick a preset like story points on the left for a non-uniform list.

Step 2 Choose probabilities for each bin

Set the sliders below to assign points to each bin. The higher the likelihood that the actual value falls within a bin, the more points you should give it. Points are automatically normalized to a 100% likelihood total.

Points Likelihood
Total points: — normalized to 100%

Step 3 See results, define confidence threshold

SPIES Probability Distribution
Shareable preset URL (loads these bins & points on open)