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University of Chicagossss1 offers several admissions rounds:

1 Early action (due November 2)

2 Early decision I (due November 2)

3 Early decision II (due January 4)

4 Regular decision (due January 4)

As of October 2020, UChicago has won 100 Nobel Prizes.ssss1 A full 33 of these are Nobel Prizes for economics. Even my favorite Nobel Laureate, Gary Becker, who invented signaling, went there. It is no surprise that they have perfected the game theory and signaling of college admissions.

Both early decision rounds I and II are binding so if you apply in these rounds you are committing to go. Can you guess why UChicago does this? UChicago offers a binding and a nonbinding admissions option at each stage so they can filter you by level of seriousness. Twice!

If you are applying early action to UChicago, they know you are pretty organized and relatively interested in UChicago, but they also know that you're not interested enough to commit. This almost certainly means you like another early round university better or have higher hopes in the regular round. As a result, applying early action to UChicago is a death sentence. The admissions rate applying early action to UChicago is substantially lower than the early decision I rate.

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