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 was the first number proved irrational, and that article contains a number of proofs. The golden ratio is another famous quadratic irrational and there is a simple proof of its irrationality in its article. The square roots of all natural numbers which are not perfect squares are irrational and a proof may be found in quadratic irrationals. The proof above for the square root of two can be generalized using the fundamental theorem of arithmetic. This asserts that every integer has a unique factorization into primes. Using it we can show that if a rational number is not an integer