Behavioural economist and data scientist studying how cognitive biases distort property valuation — and how rigorous, unemotional data analysis can correct them for better decisions.
I currently hold positions as Research Fellow at Henley Business School (University of Reading), Innovation Manager at Data Science Service GmbH in Vienna, and Affiliated Researcher at Vienna University of Economics and Business (WU).
My research investigates how cognitive biases distort property valuation — from anchoring effects in professional appraisal to the influence of visual stimuli in listings. I use behavioural experiments, computer vision, and crowd-sourced assessments to understand where and why human judgment fails in real estate markets.
My long-term goal is to replace subjective guesswork with unemotional, data-driven valuation. Real estate data is like oil: unrefined, its value is limited — but once processed and structured, it yields precise, objective insights. By combining crowd assessment, AI, and rigorous statistical methods, I aim to mitigate the behavioural biases that cost the market billions in mispricing each year.
Bridging behavioural science, machine learning, and real estate economics to question how professionals and markets arrive at value — and where they go wrong.
Investigating how cognitive anchoring, order effects, and condition-based framing lead professional valuers to systematically over- or underestimate property worth.
How visual stimuli — image ordering, furniture, and staging — alter subjective valuation, and experimental approaches to isolate and quantify these biases.
Integrating CNN-based building photo classification into Automated Valuation Models to enable scalable, objective property condition assessment.
Crowd-sourced condition ratings as a scalable complement to AI — combining human perception at scale with statistical validation for fairer valuations.
I have taught across bachelor's and master's programmes at universities in Austria, the UK, and Germany, covering real estate, finance, and quantitative methods.
Financing structures, investment appraisal, and capital markets as applied to real estate assets. Emphasis on valuation models and risk.
Cognitive biases, heuristics, and psychological drivers in real estate decision-making. Covers anchoring, loss aversion, and their direct implications for property valuation and investment.
Principles and practice of property valuation including income, cost, and comparison approaches, with sessions on automated and AI-assisted methods.
Statistical methods for real estate research — regression models, hedonic pricing, panel data, and applied data analysis using real-world property datasets.
Foundational micro- and macroeconomics for undergraduate students: supply and demand, market structures, monetary policy, and economic indicators.
View full publication list on Google Scholar
19+ citations · h-index tracked · regularly updatedHenley Business School, University of Reading, UK
Data Science Service GmbH, Vienna, Austria
Vienna University of Economics and Business (WU), Austria
IREBS — Institute of Real Estate Economics, University of Regensburg, Germany
FH Kufstein — Kufstein University of Applied Sciences, Austria
Henley Business School, University of Reading, UK
FH Kufstein, Austria
European Real Estate Society (ERES)
FH Kufstein, Austria
Scalable Capital, Munich, Germany
University of Arizona, Tucson, USA
ERES Annual Conference 2026, Vienna, Austria
European Real Estate Society (ERES)
European Real Estate Society (ERES)
ReCapNet – Real Estate Markets and Capital Markets Network
I welcome collaborations with researchers and practitioners in real estate valuation, behavioural economics, and AI-driven data analysis. Whether you're interested in joint research, speaking invitations, or consultancy, feel free to reach out.