"We recognize the tremendous responsibility of hosting one of the first global sporting events in these challenging times, and we will do so in the safest manner possible, mitigating all potential risks," he said.
" Screen International deputy editor Louise Tutt told BBC News the decision was "about mitigating the financial risk".
Did he compute the efficient risk mitigating frontier?
"It all comes down to what the governments in Australia and around the world do in terms of mitigating further rises in temperatures.
Mitigating and adapting to climate change comes at the top of the list.
Working with local governments and the National Health Service, programs aimed at mitigating loneliness have sprung up in dozens of cities and towns.
China inaugurated a mega-engineering project aimed at mitigating Beijing's water crisis.
It also lays out a road map for reducing greenhouse gas emissions and mitigating the effects of a warming planet.
Battino emphasises: "This study was not conceived as a way of mitigating the effects of getting drunk but rather as a way of discovering molecules in the stomach membrane that protect against the damaging effects of differing agents.
For Vilshenko, the brand's foreign client base has been a blessing — mitigating the effects of the weakening Russian currency.
"Grasping some basic financing principles can help students in avoiding or mitigating some risks and make wise investment choices," she said.