Publication | SSRN

What the Chicago Cubs Reveal about Binomial Trees and What Binomial Trees Reveal about Baseball

Stuart McCrary

December 1, 2015

Many professional sports seasons end with one or more five- or seven-game series to determine an overall champion. 

Stuart McCrary writes about how binomial trees commonly used to value complex derivatives can organize outcomes of a sport series, and how applying trees to baseball provides insights about the trees and about sports outcomes as well.

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Stuart McCrary

Managing Director Emeritus