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 During the 14th to 16th centuries, Madhava of Sangamagrama and the Kerala school of astronomy and mathematics discovered the infinite series for several irrational numbers such as "π" and certain irrational values of trigonometric functions. Jyeṣṭhadeva provided proofs for these infinite series in the "Yuktibhāṣā". In the Middle ages, the development of algebra by Muslim mathematicians allowed irrational numbers to be treated as "algebraic objects". Middle Eastern mathematicians also merged the concepts of "number" and "magnitude" into a more general idea of real numbers, criticized Euclid's idea of ratios, developed the theory of composite ratios, and extended the concept of