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 Games Through 2014 to 2015 Irrational Games continued to post several openings for jobs at the studio. In January 2015, Levine and the remaining staff are currently developing their first game which will be a "first-person sci-fi" game. On February 23, 2017, the studio announced it had rebranded itself as Ghost Story Games, founded by 12 of the former Irrational members with Levine still as president and creative director. The studio's focus is "to create immersive, story-driven games for people who love games that ask something of them"; the name was chosen as ghost stories "are immersive, exciting, and steeped in