Hi all,
I am looking for a useful and cost-effective econometrics textbook for the first year of a top PhD. I tried Hayashi, but felt difficult to get started. Do I indeed suck?:hmm: Any other books to recommend?
Chicago has just won the Nobel in 2007, how bad can they be right now. You figureed out Chicago sux because of the recent placement history? If that's the case, the outcomes are really really too arbitrary!
Chicago Harvard
MIT
Yale
Princeton
Stanford
U Penn
Berkeley
Northwestern
NYU
Checking many world-recognized rankings would convince you its validility.
More often than not, it would be very difficult to get good recommendations. Also you should consider the opportunity cost. Doing this means you will have to sacrifice two extra years. Assuming you successfully graduate from a top school, you will still have to lose 80k*2 or something.
I really appreciate all the inputs you guys made. I think the decision is almost made. If I miss this Chicago opportunity and go to a funded top 30, I will surely regret later in my life.
Admittedly, I will choose Harvard, MIT, and Princeton over Chicago, but will definitely not choose berkeley. Maybe I will hesitate between Chicago and princeton. But I;d say i 'd choose harvard and MIT due to their well-known reputation.
Thanks for your great insight! I will not take a loan or anything, but use my own savings. I do have the money to afford the first two years, I am just thinking if going to Chicago is worth the money. I think I can improve as long as I try my best.
That they will not fund me for the first two years can only mean that I am not at the top half of the class since they will only fund 13 students this year. Also not being a star at the beginning doesn't mean I will not be in the end! moreover, this is not a problem of only money or earning later. Being a member of "Chicago School" will honor me a lot throughout my whole life-time. Just my two cents!