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 between the additive and multiplicative notations is the group isomorphism It can be shown that is an isometry. There is a strong distinction in circle rotations that depends on whether is rational or irrational. Rational rotations are less interesting examples of dynamical systems because if formula_4 and formula_5, then formula_6 when formula_7. It can also be shown that formula_8 when formula_9. Irrational rotations form a fundamental example in the theory of dynamical systems. According to the Denjoy theorem, every orientation-preserving -diffeomorphism of the circle with an irrational rotation number is topologically conjugate to . An irrational rotation is a measure-preserving