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
Proof that e is irrational between 2 and 3: We then analyze a blown-up difference "x" of the series representing "e" and its strictly smaller partial sum, which approximates the limiting value "e". By choosing the magnifying factor to be the factorial of "b", the fraction ⁄ and the partial sum are turned into integers, hence "x" must be a positive integer. However, the fast convergence of the series representation implies that the magnified approximation error "x" is still strictly smaller than 1. From this contradiction we deduce that "e" is irrational. Suppose that "e" is a rational number. Then there exist positive integers "a"