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Frequentist_stats t1_j2howht wrote

If two institutes are equally well regarded, then it might be a good call to go for the Ph.D. (if you are accepted).

If everything went south during your Ph.D. journey, you can bail out with a Master's degree, no hard feelings. Otherwise, you might be constantly beating yourself up for not choosing the Ph.D. and spiraling into the "what-if" conundrum.

Cheers!

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