Skip to main content
Book Forum

The Up Side of Down: Why Failing Well Is the Key to Success

Viking, 2014

Watch the Event
The Up Side of Down: Why Failing Well Is the Key to Success
Video Player is loading.
Current Time 0:00
Duration 0:00
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
 
1x
  • Chapters
  • descriptions off, selected
  • captions off, selected

      Join the conversation on X using #CatoEvents. Follow @CatoInstitute on X to get future event updates, live streams, and videos from the Cato Institute.

      Date and Time
      -
      Location
      Hayek Auditorium
      Share This Event
      Featuring
      Featuring the author Megan McArdle, Columnist, Bloomberg View; with comments by Brink Lindsey, Vice President for Research, Cato Institute; moderated by Dalibor Rohac, Policy Analyst, Center for Global Liberty and Prosperity, Cato Institute.


      Purchase book

      Nobody likes to fail, yet failure is a ubiquitous element of our lives. According to Megan McArdle, failing often — and well — is an important source of learning for individuals, organizations, and governments. Although failure is critical in coping with complex environments, our cognitive biases often keep us from drawing the correct lessons and adjusting our behavior. Our psychological aversion to failure can compound its undesirable effects, McArdle argues, and transform failures into catastrophes. Please join us for a discussion of how “failing up” allows us to reinvent ourselves and our institutions.