Author ORCID Identifier
Document Type
Editorial
Publication Date
11-18-2020
Publication Title
Academy of Management Review
Volume
45
Issue
4
First Page
872
Last Page
876
Abstract
We are grateful for Holmes and Westgren’s (2020) thoughtful response to our recent article (Packard & 872 Academy of Management Review October Clark, 2020a). In it, they argued that “a mitigability– immitigability axis does not map well onto the aleatory–epistemic uncertainty axis” (p. 7). This challenge to our delineation casts doubt to its usefulness in strategic theorizing, as we have supposed. They thus proposed a revision to our definitions that encapsulates epistemic uncertainty within the confines of the present state of knowledge and the costs of acquiring such knowledge, allowing strategic analysis of the value of mitigation efforts to be more clearly assessed. While we are open minded toward such a revision to our framework, we do not see the proposed revision as a clear advancement over our original model, for reasons that we shall here expound.
Recommended Citation
Packard, M. D., Clark, B. B. (2020). Mitigating versus managing epistemic and aleatory uncertainty. Academy of Management Review, 45:872-876. doi.org/10.5465/amr.2020.0266
Creative Commons License
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Comments
This work is deposited under the Academy of Management Green OA Policy. The article was originally published in the Academy of Management Review vol. 45, issue 4 and can be accessed at https://doi.org/10.5465/amr.2020.0266