Arne Johan Pollestad
About
Arne Johan Pollestad is a PhD candidate in Real Estate Finance at the NTNU Business School. His research focuses on automated valuation models, house price uncertainty, energy-efficient housing, climate risk, and ESG, reflecting his interest in topics at the intersection of real estate finance, technology, and sustainability.
Pollestad holds an MSc in Economics and Business Administration from the Norwegian School of Economics (NHH), with a specialization in Business Analytics. Following his MSc, he joined NTNU as a researcher and lecturer while pursuing his PhD. He has taught in courses at both graduate and doctoral level, including Data Science, Big Data in Real Estate Finance, and Forecasting Methods in Economics and Finance. Additionally, he has co-supervised master’s theses for students specializing in both Business Analytics and Finance at NTNU.
His research has been featured in field-leading academic journals such as the Journal of Real Estate Finance and Economics. Pollestad also contributes to the academic community as a reviewer for prominent journals like the Journal of Real Estate Research.
In 2024, he was honored with a prestigious Fulbright Norway academic grant to support a six-month research stay in the United States.
Research
Pollestad is a member of Centre for Real Estate and Environmental Economics at the NTNU Business School.
For publications in peer-reviewed journals, see the "Publications" folder.
Working papers:
- "European Energy Crisis: Did Electricity Prices Shock Real Estate Markets?" (with B. Brolinson, W. Doerner, and M. Seiler). FHFA Working Paper 24-10. Under revission in Journal of Environmental Economics and Management.
- "Comparing housing valuation techniques: Exploiting Explainable AI" (with A. Oust and O. J. Sønstebø). Under revission in Journal of Real Estate Finance and Economics.
- "The Price of Protection: Do Flood Defenses Matter to Home Buyers?" (with M. Ramzan, M. Seiler, and O. J. Sønstebø). Under revision in Real Estate Economics.
- "Combining House Price Predictions with AI-Uncertainty Estimates" (with A. Oust and O. J. Sønstebø).
- "Improving AVM Accuracy by Including Historical Sales Data" (with A. Oust).
- "Board Diversity and Carbon Emissions: A Comparative Study Using Machine Learning and Panel Regression Approaches" (with M. H. Shakil)
Publications
For working papers, see the "Research" folder.
2025
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Shakil, Mohammad Hassan;
Pollestad, Arne Johan;
Kyaw, Khine Aye Myat.
(2025)
Environmental, social and governance controversies and systematic risk: A machine learning approach.
Finance Research Letters
Academic article
-
Pollestad, Arne Johan.
(2025)
Avoiding Costly Mistakes with Uncertainty Quantification for Algorithmic Home Valuations.
Towards Data Science
Popular scientific article
-
Pollestad, Arne Johan;
Oust, Are.
(2025)
Harnessing uncertainty: a new approach to real estate investment decision support.
Quantitative finance (Print)
Academic article
2024
-
Oust, Are;
Pollestad, Arne Johan.
(2024)
Høye strømpriser kan koste deg mer enn du tror.
Feature article
-
Pollestad, Arne Johan;
Næss, Arild Brandrud;
Oust, Are.
(2024)
Towards a Better Uncertainty Quantification in Automated Valuation Models.
Journal of real estate finance and economics
Academic article
2022
-
Helgaker, Eirik;
Oust, Are;
Pollestad, Arne Johan.
(2022)
Adverse selection in iBuyer business models—don’t buy lemons!.
ZIÖ - Zeitschrift für Immobilienökonomie
Academic article
Journal publications
-
Shakil, Mohammad Hassan;
Pollestad, Arne Johan;
Kyaw, Khine Aye Myat.
(2025)
Environmental, social and governance controversies and systematic risk: A machine learning approach.
Finance Research Letters
Academic article
-
Pollestad, Arne Johan.
(2025)
Avoiding Costly Mistakes with Uncertainty Quantification for Algorithmic Home Valuations.
Towards Data Science
Popular scientific article
-
Pollestad, Arne Johan;
Oust, Are.
(2025)
Harnessing uncertainty: a new approach to real estate investment decision support.
Quantitative finance (Print)
Academic article
-
Oust, Are;
Pollestad, Arne Johan.
(2024)
Høye strømpriser kan koste deg mer enn du tror.
Feature article
-
Pollestad, Arne Johan;
Næss, Arild Brandrud;
Oust, Are.
(2024)
Towards a Better Uncertainty Quantification in Automated Valuation Models.
Journal of real estate finance and economics
Academic article
-
Helgaker, Eirik;
Oust, Are;
Pollestad, Arne Johan.
(2022)
Adverse selection in iBuyer business models—don’t buy lemons!.
ZIÖ - Zeitschrift für Immobilienökonomie
Academic article
Teaching
Pollestad has taught in the following courses during his years at NTNU:
Supervision
Pollestad has co-supervised master’s theses for students specializing in both Business Analytics and Finance at NTNU.
Outreach
2025
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Academic lecturePollestad, Arne Johan. (2025) European Energy Crisis: Did Electricity Prices Shock Real Estate Markets?. ARES Annual Conference 2025 , Tucson, Arizona 2025-04-08 - 2025-04-12
2024
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Academic lecturePollestad, Arne Johan. (2024) Harnessing Uncertainty: A New Approach to Real Estate Investment Decision Support. Lillehammer Business Analytics Workshop 2024 , Lillehammer 2024-05-22 - 2024-05-24
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Academic lecturePollestad, Arne Johan. (2024) European Energy Crisis: Did Electricity Prices Shock Real Estate Markets?. FHFA Working Paper Seminar , Remote 2024-12-09 - 2024-12-09
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Academic lecturePollestad, Arne Johan. (2024) Harnessing Uncertainty: A New Approach to Real Estate Investment Decision Support. Real Estate Markets and Capital Markets (ReCapNet) Conference 2024 , Stockholm 2024-10-28 - 2024-10-29
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Academic lecturePollestad, Arne Johan. (2024) Harnessing Uncertainty: A New Approach to Real Estate Investment Decision Support. AREUEA International Conference 2024 , Curaçao 2024-06-23 - 2024-06-26
2023
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Academic lecturePollestad, Arne Johan. (2023) Towards a Better Uncertainty Quantification in Automated Valuation Models. Malmö Real Estate Conference 2023 , Malmö, Sweden 2023-05-04 - 2023-05-05
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Academic lecturePollestad, Arne Johan. (2023) AVMU - Automated Valuation Model Uncertainty. Finance and Business Analytics Conference 2023 , Lefkada, Greece 2023-06-07 - 2023-06-09
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Academic lecturePollestad, Arne Johan. (2023) Towards a Better Uncertainty Quantification in Automated Valuation Models. Elsevier Finance Conference , Rio de Janeiro 2023-11-16 - 2023-11-18