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
Proof that e is irrational Proof that e is irrational The number "e" was introduced by Jacob Bernoulli in 1683. More than half a century later, Euler, who had been a student of Jacob's younger brother Johann, proved that "e" is irrational; that is, that it cannot be expressed as the quotient of two integers. Euler wrote the first proof of the fact that "e" is irrational in 1737 (but the text was only published seven years later). He computed the representation of "e" as a simple continued fraction, which is Since this continued fraction is infinite and every rational number has a terminating continued