Irrational Exuberance (book) 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 exact month of the book's publication. The second edition of
Irrational number Irrational number In mathematics, the irrational numbers are all the real numbers which are not rational numbers, the latter being the numbers constructed from ratios (or fractions) of integers. When the ratio of lengths of two line segments is an irrational number, the line segments are also described as being "incommensurable", meaning that they share no "measure" in common, that is, there is no length ("the measure"), no matter how short, that could be used to express the lengths of both of the two given segments as integer multiples of itself. Among irrational numbers are the ratio of a circle's