...Merve G. Cevheroğlu-Açar; Cenk C. Karahan Purpose This study empirically documents the effect of ambiguity on stock returns in a major emerging market along with the ambiguity attitudes under various market conditions. Design/methodology/approach Ambiguity is measured as the volatility...

... hedging behaviors in relation to specific ambiguous events. © Emerald Group Publishing Limited 2014 Ambiguity Decision-making Emotion recognition Impulsivity Insurance behaviour Iowa gambling task How do emotions affect insurance decisions? Almost all extant studies into insurance...