"fallibility" is a correct and usable word in written English.
It is usually used to describe a person's propensity to make mistakes or oversights. For example: "We all have our own fallibility, but it's important to strive for perfection in our work."
Given the financial system's fallibility, regulation is bound to be fallible too.
However, human fallibility means that this will never happen, especially if umpires are given tools that create new ways for them to make an error.
It is perplexing that an entirely different sort of fallibility afflicted the team at Old Trafford.
At the same time, it's all too easy to mistake basic human fallibility for villainy.
One sign of fallibility was a $500m hedging loss on leveraged loans.
These limitations arise because of the inherent fallibility of the tools in a world of regulatory arbitrage; because the scope of our regulatory authority does not extend equally to all parts of the financial system; and because risk-taking naturally tends to be structured in a nontransparent way that can make it hard to recognize.
HAVING recognised the fallibility of human memory, people have been keeping records written with ink for over four millennia.
In microeconomic policy, Mr Brown has no such sense of fallibility.
And China has a strategic eye on North Korea's ports and minerals, which some diplomats fear may encourage it to be overly generous to the regime.But the mere hint of economic fallibility in a regime that demands almost religious devotion from its subjects may turn out to matter more than the diplomatic manoeuvres.
Since the strength of a memory seems to depend on the strength of connections between groups of nerve cells, the infuriating fallibility of memory may be a necessary consequence of retaining the ability to overwrite what you know when you discover that it is no longer correct.
But an automatic system could be built.Though there is much disagreement over the merits of such technologies, few dispute the fallibility of human referees.
