Irrational Exuberance (book) able to claim that he has foreseen any given crisis. Irrational Exuberance (book) Irrational Exuberance is a March 2000 book written by American economist Robert J. Shiller, a Yale University professor and 2013 Nobel Prize winner. The book examines economic bubbles in the 1990s and early 2000s, and is named after Federal Reserve Chairman Alan Greenspan's famed "irrational exuberance" quote warning of such a possible bubble in 1996. Published at the height of the dot-com boom, the text put forth several arguments demonstrating how the stock markets were overvalued at the time. The stock market collapse of 2000 happened the
Irrational number numbers are irrational. The first proof of the existence of irrational numbers is usually attributed to a Pythagorean (possibly Hippasus of Metapontum), who probably discovered them while identifying sides of the pentagram. The then-current Pythagorean method would have claimed that there must be some sufficiently small, indivisible unit that could fit evenly into one of these lengths as well as the other. However, Hippasus, in the 5th century BC, was able to deduce that there was in fact no common unit of measure, and that the assertion of such an existence was in fact a contradiction. He did this by