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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

Chicago