Megan McArdle: Why Failing Well is the Key to Success

"There's nothing as dangerous as perfect safety," says Megan McArdle, author of the new book, The Up Side of Down: Why Failing Well is the Key to Success.

Failure is inevitable, says McArdle, who's also a Bloomberg View columnist. But how we handle our own failures and whether we learn from them go a long way in shaping individuals, institutions, and entire societies.

Drawing on personal anecdotes, current events, literature, and cutting-edge research, McArdle dissects our beliefs, myths, and cognitive biases about failure.

Runs about 13:22 minutes.

Produced by Todd Krainin. Cameras by Meredith Bragg and Krainin.

Go to http://reason.com/reasontv/2014/04/25/megan-mcardle-the-up-side-of-down for downloadable versions and subscribe to ReasonTV's YouTube Channel to receive notifications when new material goes live."