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
Irrational rotation ergodic transformation, but it is not mixing. The Poincaré map for the dynamical system associated with the Kronecker foliation on a torus with angle is the irrational rotation by . C*-algebras associated with irrational rotations, known as irrational rotation algebras, have been extensively studied. Irrational rotation In the mathematical theory of dynamical systems, an irrational rotation is a map where "θ" is an irrational number. Under the identification of a circle with R/Z, or with the interval [0, 1] with the boundary points glued together, this map becomes a rotation of a circle by a proportion "θ" of a full