Tuesday, May 7, 2013

Learning from Trial and Error

Did you know that 10 percent of all businesses fail each year? How do you ensure that yours is not among them? Make better mistakes.

Economics writer Tim Harford studies complex systems -- and finds a surprising link among the successful ones: they were built through trial and error. In this sparkling talk from TEDGlobal 2011, he asks us to embrace our randomness and start making better mistakes.

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