latex绘制binomial model (横向+二叉树）代码

3-step CRR binmodel model for pricing.

`\documentclass{article}
\usepackage{tikz}
\usetikzlibrary{matrix}

\begin{document}
  \begin{tikzpicture}[>=stealth,sloped]
    \matrix (tree) [%
      matrix of nodes,
      minimum size=1cm,
      column sep=3.5cm,
      row sep=1cm,
    ]
    {
          &   & F \\
          & C &   \\
      \$A &   & E \\
          & B &   \\
          &   & D \\
    };
    \draw[->] (tree-3-1) -- (tree-2-2) node [midway,above] {$P$};
    \draw[->] (tree-3-1) -- (tree-4-2) node [midway,below] {$(1-p)$};
    \draw[->] (tree-2-2) -- (tree-1-3) node [midway,above] {$P^2$};
    \draw[->] (tree-2-2) -- (tree-3-3) node [midway,below] {$(1-p)p$};
    \draw[->] (tree-4-2) -- (tree-3-3) node [midway,above] {$(1-p)p$};
    \draw[->] (tree-4-2) -- (tree-5-3) node [midway,below] {$(1-p)^2$};
  \end{tikzpicture}
\end{document}

3-step normal binomial model.

\documentclass{article}

\usepackage[latin1]{inputenc}
\usepackage{tikz}
\usetikzlibrary{trees}
\begin{document}
\pagestyle{empty}


% Set the overall layout of the tree
\tikzstyle{level 1}=[level distance=3.5cm, sibling distance=3.5cm]
\tikzstyle{level 2}=[level distance=3.5cm, sibling distance=2cm]

% Define styles for bags and leafs
\tikzstyle{bag} = [text width=4em, text centered]
\tikzstyle{end} = [circle, minimum width=3pt,fill, inner sep=0pt]

% The sloped option gives rotated edge labels. Personally
% I find sloped labels a bit difficult to read. Remove the sloped options
% to get horizontal labels. 
\begin{tikzpicture}[grow=right, sloped]
\node[bag] {Bag 1 $4W, 3B$}
    child {
        node[bag] {Bag 2 $4W, 5B$}        
            child {
                node[end, label=right:
                    {$P(W_1\cap W_2)=\frac{4}{7}\cdot\frac{4}{9}$}] {}
                edge from parent
                node[above] {$W$}
                node[below]  {$\frac{4}{9}$}
            }
            child {
                node[end, label=right:
                    {$P(W_1\cap B_2)=\frac{4}{7}\cdot\frac{5}{9}$}] {}
                edge from parent
                node[above] {$B$}
                node[below]  {$\frac{5}{9}$}
            }
            edge from parent 
            node[above] {$W$}
            node[below]  {$\frac{4}{7}$}
    }
    child {
        node[bag] {Bag 2 $3W, 6B$}        
        child {
                node[end, label=right:
                    {$P(B_1\cap W_2)=\frac{3}{7}\cdot\frac{3}{9}$}] {}
                edge from parent
                node[above] {$B$}
                node[below]  {$\frac{3}{9}$}
            }
            child {
                node[end, label=right:
                    {$P(B_1\cap B_2)=\frac{3}{7}\cdot\frac{6}{9}$}] {}
                edge from parent
                node[above] {$W$}
                node[below]  {$\frac{6}{9}$}
            }
        edge from parent         
            node[above] {$B$}
            node[below]  {$\frac{3}{7}$}
    };
\end{tikzpicture}

\end{document}

Advanced binmodel tree

\documentclass{article}
\usepackage{tikz}
\usetikzlibrary{matrix,positioning}
\tikzset{bullet/.style={circle,fill,inner sep=2pt}}
\begin{document}
  \begin{tikzpicture}[>=stealth,sloped]
    \matrix (tree) [%
      matrix of nodes,
      minimum size=1cm,
      column sep=3.5cm,
      row sep=1cm,nodes={text width=8em}
          ]
    {
          &   &  \\
          & {Stock price =\$B\\ Option price =\$c} &   \\
     Stock price = \$A &   &  \\
          &  {Stock price =\$B\\ Option price =\$c} &   \\
          &   &  \\
    };
    \node[bullet,right=0mm of tree-3-1.east](b-3-1){};
    \node[bullet,left=0mm of tree-2-2.west](b-2-2){};
    \node[bullet,left=0mm of tree-4-2.west](b-4-2){};
    \draw[->] (b-3-1) -- (b-2-2) node [midway,above] {$p$};
    \draw[->] (b-3-1) -- (b-4-2) node [midway,below] {$(1-p)$};
  \end{tikzpicture}


  \begin{tikzpicture}[>=stealth,sloped]
    \matrix (tree) [%
      matrix of nodes,
      minimum size=1cm,
      column sep=2.5cm,
      row sep=1cm,nodes={text width=8em}
          ]
    {
          &   &  D\\
          & B &   \\
     A &   &  E\\
          &  C &   \\
          &   &  F\\
    };
    \node[bullet,left=3.14mm of tree-3-1.west](b-3-1){};
    \node[bullet,left=3.14mm of tree-2-2.west,label=above:22,label=below:2.057](b-2-2){};
    \node[bullet,left=3.14mm of tree-4-2.west](b-4-2){};
    \node[bullet,left=3.14mm of tree-1-3.west](b-1-3){};
    \node[bullet,left=3.14mm of tree-3-3.west](b-3-3){};
    \node[bullet,left=3.14mm of tree-5-3.west](b-5-3){};
    \draw[->] (b-3-1) -- (b-2-2);
    \draw[->] (b-2-2) -- (b-1-3);
    \draw[->] (b-2-2) -- (b-3-3);
    \draw[->] (b-3-1) -- (b-4-2);
    \draw[->] (b-4-2) -- (b-3-3);
    \draw[->] (b-4-2) -- (b-5-3);
  \end{tikzpicture}

\end{document}