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Pedersen views markets as neither perfectly efficient nor completely inefficient.
Our greatest fear is it becomes perfectly efficient".
But, miraculously, he tells the story in a perfectly efficient 99 minutes, whereas Tarkovsky took 165.
As a cartoon, he's already a perfectly efficient vector of comic intention.
He showed that the perfectly efficient engine was impossible even in principle.
If markets were perfectly efficient, this kind of write-down would be easily ignored.
As Joseph Stiglitz and Sanford Grossman pointed out way back in 1975, a perfectly efficient market is an impossibility.
Encyclopædia Britannica, Inc. …emitted by the perfectly efficient blackbody (a surface that absorbs all radiant energy falling on it).
Certainly, snake drafts and even more so auctions are not perfectly efficient exercises, so such opportunities to catch up exist.
Cliff Asness, head of the fund management firm AQR, says that few people think the markets are perfectly efficient.
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Solving the problem by a less-than-perfectly-efficient method was a closer reflection of students' thought processes and gave them a more realistic expectation of what they should expect problem-solving to feel like.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com