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
Fear Is the Key force him to provide the necessary resources. Talbot has been working for the authorities all along and convinces Vyland and Royale that he is now ready to die on the ocean floor beside his family, eliciting a terror-stricken confession from the two men (their fear of death being the key that unlocks the confession) which is relayed to witnesses on the oil platform. Talbot then returns to the oil platform, where Vyland throws himself to his death from a ladder. Royale survives to be tried and sentenced to death and Talbot, politely turning down General Ruthven's offer of any reward