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Im going to show how to use this free BY TreePlan addin to construct a decision tree in Excel. Go online and search for ybian treeplan. Select this one on github. Click on Code. Download ZIP. Go to the downloaded zipped file and extract it. Now close Excel if you have it running and relaunch it. On a mac, you will go to Tools Excel Add-ins But here in Windows, go to File Options Add-ins Then click Go here. Click Browse and go to the extracted treeplan-master folder. Double click to select the BYTreePlan file. And click OK. You should now see a Tree Plan tab here. Im going to construct a decision tree for this payoff table. Click on the Tree Plan tab. Click New And you can start your decision tree with 2,3,4 or 5 branches. I have 2 alternatives so Im going to start with 2. Then Im going to click in the cell at the end of the branch here to add a chance node. Tree Plan, then Change To Event With 2 Branches Im going to create a decision node at the end of the second branch h