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Irrational exuberance robert j shiller on amazoncom free shipping on qualifying offers as robert shillers new 2009 preface to his prescient classic on behavioral economics and market volatility asserts. Definition of irrational exuberance origin of the term the term irrational exuberance derives from some words that alan greenspan chairman of the federal reserve board in washington used in a black tie dinner speech entitled the challenge of central banking in a democratic society before the american enterprise institute at the washington hilton hotel december 5 1996
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