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 number to show that π is irrational, whence it follows immediately that π is irrational also. The existence of transcendental numbers was first established by Liouville (1844, 1851). Later, Georg Cantor (1873) proved their existence by a different method, which showed that every interval in the reals contains transcendental numbers. Charles Hermite (1873) first proved "e" transcendental, and Ferdinand von Lindemann (1882), starting from Hermite's conclusions, showed the same for π. Lindemann's proof was much simplified by Weierstrass (1885), still further by David Hilbert (1893), and was finally made elementary by Adolf Hurwitz and Paul Gordan. The square root of 2