---
title: Why Do Hedgers Hedge? The Role of Ambiguity
url: https://www.ml-quant.com/papers/ssrn/4672261/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4672261
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4672261
featured: 2024-01-03
citations: 0
topic: Derivatives & Volatility
---


# Why Do Hedgers Hedge? The Role of Ambiguity

The research shows that uncertainty in commodity futures markets influences hedging behavior, with swap dealers increasing their hedging demand and commodity producers decreasing their activity during uncertain times.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4672261
- Identifier: SSRN 4672261
- Released: 2023-12-21
- First featured: Quant Letter No. 31 (2024-01-03): https://www.ml-quant.com/issues/2024-01-03/
- Citations (Semantic Scholar): 0
- Published in: not yet
- Topic: Derivatives & Volatility

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