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 fraction, "e" is irrational. A short proof of the previous equality is known. Since the simple continued fraction of "e" is not periodic, this also proves that "e" is not a root of second degree polynomial with rational coefficients; in particular, "e" is irrational. The most well-known proof is Joseph Fourier's proof by contradiction, which is based upon the equality Initially "e" is assumed to be a rational number of the form ⁄. Note that "b" could not be equal to 1 as "e" is not an integer. It can be shown using the above equality that "e" is strictly