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 1 = 0, and this latter polynomial has no rational roots (the only candidates to check are ±1, and "x", being greater than 1, is neither of these), so "x" is an irrational algebraic number. Because the algebraic numbers form a subfield of the real numbers, many irrational real numbers can be constructed by combining transcendental and algebraic numbers. For example, 3 + 2, + and "e" are irrational (and even transcendental). The decimal expansion of an irrational number never repeats or terminates (the latter being equivalent to repeating zeroes), unlike any rational number. The same is true for binary,