Notice of RetractionAnalysis of the game theory model on the inefficiency of the securities regulation

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

The inefficiency of the securities regulation results in the instead development of the securities in China. Dealing with the inefficiency of the securities regulation is very vital to the development of the the securities in china. We developed an infinitely repeated game model and a simplified KMRW reputation model to prove that the construction and maintenance of the listed companies´ reputation are of ultimate importance to the development of the security market, and also the proper indicator for the efficiency of the securities regulation policy. Furthermore, it is very difficult to rebuild the reputation in case of ruined, due to the investor´s sentiment and behavioral pattern in the games. Therefore, it is necessary for the authority to go further in the field of educating investors and establishing the reputation measurement system.