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 then no integral power of it can be an integer, as in lowest terms there must be a prime in the denominator that does not divide into the numerator whatever power each is raised to. Therefore, if an integer is not an exact "k" power of another integer, then that first integer's "k" root is irrational. Perhaps the numbers most easy to prove irrational are certain logarithms. Here is a proof by contradiction that log 3 is irrational. Notice that log 3 ≈ 1.58 > 0. Assume log 3 is rational. For some positive integers "m" and "n", we have