So you think its important to be able to estimate how well you are estimating something? Here is a fun test that has been given to plenty of other people.
I highly recommend you take the test before reading any more.
http://www.codinghorror.com/blog/2006/06/how-good-an-estimator-are-you.html
The discussion of this test at the blog it is quoted in is quite interesting, but I recommend you read it after taking the test. Similarly, one might anticipate there will be interesting discussion here on the test and whether it means what we want it to mean and so on.
My great apologies if this has been posted before. I did my bast with google trying to find any trace of this test, but if this has already been done, please let me know and ideally, let me know how I can remove my own duplicate post.
PS: The Southern California meetup 19 Dec 2010 was fantastic, thanks so much JenniferRM for setting it up. This post on my part is an indirect result of what we discussed and a fun game we played while we were there.
I got 8 out of 10 too (underestimated the lakes by ten orders of magnitude >_> and my upper bound for the whale was close (I had revised it from 100 to 150 tons, still wasn't enough)), without gaming the test in obvious ways.
Again, I found there's a good deal of people in the comments who failed the test and instead of noticing how they could improve themselves, start making up excuses for how they andswered the right way anyway. 90% estimate means 90%, not "What you would answer if your pointy-haired boss asked you for a 90% estimate"!
I do hope that if I did fail a test I wouldn't do that. Hopefully ranting in public about the stupidity of people who explain their failures away instead of acknowledging them will make me more likely to be honest :)