For myself, I do regret it. Looking back from now, I think I'm a person who's mainly driven by recognition and attention from others. I thought doing an econ PhD makes me able to change the world, which gets me the recognition I wanted. But unless you're among the tops of the top dogs, the world doesn't care about your work and only the few peoples in your field know you. This is especially true if you didn't do your PhD from an HRM. While as an econ professor in a mediocre school, one can brag about his good, relaxing life-style, this type of goodness is not what I was looking for. If I could go back, I'd probably just go and make good money in finance or consulting, which, though far from getting a Nobel, gets me much more attention from ordinary people, and also much more money.
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