Irrational exuberance Pink also used the phrase in 2009 in his book "" in the chapter discussing how extrinsic motivation can encourage short-term thinking at the cost of long-term health: "This is the nature of economic bubbles: What seems to be irrational exuberance is ultimately a bad case of extrinsically motivated myopia". Irrational exuberance "Irrational exuberance" is a phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the dot-com bubble of the 1990s. The phrase was interpreted as a warning that the market might be overvalued. Greenspan's comment was made during
Proof that e is irrational Proof that e is irrational The number "e" was introduced by Jacob Bernoulli in 1683. More than half a century later, Euler, who had been a student of Jacob's younger brother Johann, proved that "e" is irrational; that is, that it cannot be expressed as the quotient of two integers. Euler wrote the first proof of the fact that "e" is irrational in 1737 (but the text was only published seven years later). He computed the representation of "e" as a simple continued fraction, which is Since this continued fraction is infinite and every rational number has a terminating continued