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 rely on deductive reasoning for proof.” This method of exhaustion is the first step in the creation of calculus. Theodorus of Cyrene proved the irrationality of the surds of whole numbers up to 17, but stopped there probably because the algebra he used could not be applied to the square root of 17. It was not until Eudoxus developed a theory of proportion that took into account irrational as well as rational ratios that a strong mathematical foundation of irrational numbers was created. Geometrical and mathematical problems involving irrational numbers such as square roots were addressed very early during the