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
Fear of missing out for one to determine their dependency on media. Fear of missing out or FOMO as they call it is the fear of not being included. This fear has manifested and grown intensely because of social media. Individual’s are now able to view and have constant access to what their friends and peers are doing. FOMO is almost a direct result of social media addiction because all social media is, is seeing what others are doing. The constant use of smartphones ultimately leads to people constantly viewing sites all day long. Fear of missing out (FOMO) refers to the apprehension that