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  ______   _    _    __   _     ______  __    __  
 /_____// | || | || | || | ||  /_   _// \ \\ / // 
 `____ `  | || | || | '--' ||   -| ||-   \ \/ //  
 /___//   | \\_/ || | .--. ||   _| ||_    \  //   
 `__ `     \____//  |_|| |_||  /_____//    \//    
 /_//       `---`   `-`  `-`   `-----`      `     
 `-`

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Text this: Inefficiency in the Shadow of Unobservable Outside Options