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Not an accurate comparison. There's no easy way for an astute observer to short an irrational queue (no pun intended) enough to change its behaviour. EMH requires exploitability.
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my favorite example of market limitations is parking lot overstay penalties. there's no downward pressure to limit those fees because no one selects their parking lot based on potential fees since no one expects to incur them by overstaying. regulation is required to limit them
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