Is life an experiment?

I regularly read the 'Quotable Quotes' that appears every day in your daily. On October 3 issue, a quotation of Ralph Waldo Emerson was published which read “All life is an experiment. The more experiments you make the better.”
I wonder what the implication of the above quote is. In reality, those among us who are experimenting with their lives to attain perfection seldom reach the goal while those experimenting on making money and false name and fame are getting through. I don't know whether my observation on the quote is appropriate or not but I think wrong experimentation on life is making it difficult for us to differentiate between what is right and what is wrong.