A scenario tree from the field of economics. The figure is a replication of a figure 4 from Barry Eichengreen's NBER paper on "Hegemonic Stability Theories of the International Monetary System" from 1987 (PDF).
Edit and compile if you like:
% Scenario tree % Author: Rasmus Pank Roulund \documentclass{minimal} \usepackage{tikz} \usetikzlibrary{shapes} \usepackage{amsmath} \usepackage{xspace} \newcommand{\A}{\ensuremath{\mathcal{A}}\xspace} \newcommand{\B}{\ensuremath{\mathcal{B}}\xspace} \newcommand\pa[1]{\ensuremath{\left(#1\right)}} \begin{document} \begin{tikzpicture}[ grow=right, level 1/.style={sibling distance=3.5cm,level distance=5.2cm}, level 2/.style={sibling distance=3.5cm, level distance=6.7cm}, edge from parent/.style={very thick,draw=blue!40!black!60, shorten >=5pt, shorten <=5pt}, edge from parent path={(\tikzparentnode.east) -- (\tikzchildnode.west)}, kant/.style={text width=2cm, text centered, sloped}, every node/.style={text ragged, inner sep=2mm}, punkt/.style={rectangle, rounded corners, shade, top color=white, bottom color=blue!50!black!20, draw=blue!40!black!60, very thick } ] \node[punkt, text width=5.5em] {Country~\B} %Lower part lv1 child { node[punkt] [rectangle split, rectangle split, rectangle split parts=3, text ragged] { \textbf{Scenario 1} \nodepart{second} $\text{Country \B}\colon s\bar{Q}$ \nodepart{third} $\text{Country \A}\colon\pa{1-s}\bar{Q}$ } edge from parent node[kant, below, pos=.6] {Unchanged parity} } %Upper part, lv1 child { node[punkt, text width=6em] {Country~\A} %child 1 child { node [punkt,rectangle split, rectangle split, rectangle split parts=3] { \textbf{Scenario 2} \nodepart{second} $\text{Country \B}\colon s\bar{Q}+2\alpha\Delta E -sc$ \nodepart{third} $\text{Country \A}\colon\pa{1-s}\bar{Q}-\alpha\Delta E - \pa{1-s}c$ } edge from parent node[below, kant, pos=.6] {Unchanged parity} } %child 2 child { node [punkt, rectangle split, rectangle split parts=3]{ \textbf{Scenario 3} \nodepart{second} $\text{Country \B}\colon s\bar{Q}-2sc$ \nodepart{third} $\text{Country \A}\colon\pa{1-s}\bar{Q}-2\pa{1-s}c$ } edge from parent node[kant, above] {Devalues}} edge from parent{ node[kant, above] {Devalues}} }; \end{tikzpicture} \end{document}
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