Failure Is Not The End...

...In fact it can be the beginning of success if you react to it correctly. At least that's what Tim Harford would have you believe, author of the book Adapt. Why Success Always Starts With Failure. It is mainly written from an economic point of view and talks about helping the poor, climate change and financial crises. But in the very last chapter, Harford applies it all to you and me. And he basically identifies three possible (and negative) reactions to failure: denial, loss-chasing and hedonic editing. Here's what they each mean in a nutshell: