<p>andy_g, as you guessed, most people that choose Penn over HYPS are Wharton students, but there are students that choose Arts & Sciences at Penn over those four as well, they are just much less common.</p>
<p>In my opinion, if you feel Penn is where you want to be, then go to Penn. When talking about these schools, the differences in academic strength are negligible for undergraduates. Really, the only thing you will lose is the more prestigious name. However, when it comes to career prospects or additional study after your four undergraduate years, the people who read your resume/application will know Penn and its reputation. Do what you feel is right, as you really can’t go wrong either way.</p>