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Apr 8, 2022 · What Is Irrational Exuberance? Irrational exuberance refers to investor enthusiasm that drives asset prices higher than those assets' fundamentals justify.
Nov 2, 2015 · These factors are exogenous to market behavior, coming from various fields: technology (internet), economics (fall of inflation, growth of mutual funds, decline of foreign economic rivals) and politics (capital gains tax cuts, “ownership society” ideology).
- David Le Bris
- david.lebris@gmail.com
- 2016
Mar 1, 2023 · We combine these three mental states to define irrational exuberance. A predatory dynamic drives this loop. We enrich the understanding of why lenders and borrowers mislead each other and why markets consequently tend to deviate from normalcy.
Apr 27, 2018 · Irrational exuberance is a phrase famously used by Alan Greenspan, the chairman of the US Federal Reserve, in 1996 to describe the market bubble that coincided with the excitement around the commercialization of the internet in the late 1990s. The term is still used today to describe asset price bubbles driven by optimism.
Mar 19, 2024 · Irrational exuberance refers to excessive optimism that drives asset prices to unsustainable levels. It has historical precedents, including the Tulip Mania, South Sea Bubble, and the Roaring Twenties.
Alan Greenspan’s now famous phrase “irrational exuberance” is a good name for the variety of factors that has produced market excesses. I thought it was such a good term that in 2000 I wrote a book entitled Irrational Exuberance. I wish to talk about just what this term means.
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the quality of feeling energetic, or the behaviour of someone who feels this way: He maintained a youthful exuberance. One thing that stands out is her exuberance and zest for life. the fact that plants are strong and growing quickly: They marvelled at the exuberance of the rainforest.
