Page "Ray tracing (graphics)" Paragraph 17
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Although it does handle interreflection and optical effects such as refraction accurately, traditional ray tracing is also not necessarily photorealistic.
Implementing the rendering equation gives true photorealism, as the equation describes every physical effect of light flow.
The realism of all rendering methods, then, must be evaluated as an approximation to the equation, and in the case of ray tracing, it is not necessarily the most realistic.
Other methods, including photon mapping, are based upon ray tracing for certain parts of the algorithm, yet give far better results.
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