I'm not convinced, and I don't think there is very much evidence either way. Are the traffic waves caused by erratic driving due to driver error at misjudging average speed? Or is it more caused by small fluctuations due to actual and unavoidable conditions? Would a self driving car see a plastic bag blowing in the wind and slam on its brakes, or drive right through it? What about a kitten? What about a bowling ball, or an unsecured 2x4 falling off a truck? Any one of those situations can cause a shock wave.

We know, due to fluid dynamics simulation, that reduced reaction times will make traffic more resilient to small fluctuations in speed (they can "recover" from the shock wave with lower space requirements), but when the freeway is at capacity there is no recovery room and the shock wave will happen regardless of reaction time.