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  1. Dear all, I'm trying to decide whether to accept UChicago or Caltech for PhD in Economics starting Fall 2018. UChicago Econ is obviously a higher ranked department but I'm worried about the facts that: 1. I'm into theory (Mech design, game theory etc.) and want to continue to have this as my major specialization area. However Chicago graduates tend to be entirely in the macro/empirics/applied micro areas (Source: Current job market candidates). 2. Chicago is known to be a bit of a brutal place. EJMR forums say the faculty doesn't mentor students/spend time with students etc e
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