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
Proof that e is irrational numbers. Still another proof can be obtained from the fact that Define formula_11 as follows: Then: which implies: for any integer formula_15 Note that formula_16 is always an integer. Assume formula_17 is rational, so, formula_18 where formula_19 are co-prime and formula_20 It's possible to appropriately choose formula_21 so that formula_22 is an integer i.e. formula_23 Hence, for this choice, the difference between formula_22 and formula_16 would be an integer. But from the above inequality, that's impossible.So, formula_17 is irrational. This means that formula_27 is irrational. In 1840, Liouville published a proof of the fact that "e" is irrational followed by