I thought Poynton's gammaFAQ made it quite clear:
Since we're talking CIE here, I wonder why Lightness is apparently being redefined below? I may have missed something - unusual for meHuman vision has a nonlinear perceptual response to brightness: a source having a luminance only 18% of a reference luminance appears about half as bright. The perceptual response to luminance is called Lightness and is defined by the CIE as a modified cube root of luminance:
L* = 116(Y/Yn)^(1/3)-16 for Y/Yn > 0.008856
where Yn is the luminance of the white reference.
It is more like a logarithmic function than exponential but in any case why do you then use the power function relationship instead. Are you just bowing to convention? I know the use of the power function is the usual one but the power chosen is, from what I have seen quoted, usually the gamma of 1/2.2. Why have you chosen a power of 1/3? Do we know why 1/2.2 is usually used?
A logarithmic relationship is actually quite common. When we talk about the number of stops of aperture, that is actually a logarithmic function of aperture. If we go from f/2 to f/4, for example we are decreasing the amount of light by a factor of 4 but we count it as two stops. Then if we go 2 stops further we get an aperture of f/8 and reduce the light again by factor of 4.
As a pedant from way back, I would say that "oft quoted" is correct without the apostrophe and without the hyphen, although I realise that the hyphen is commonly used. "Oft" is simply an archaic synonym for "often".

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Somehow I can't see the real behaviour being read across to a EV's as film and sensors are a different kettle of fish. There seems to be 2 variants of the eye's power curve as well. Doubt if anyone wants to read the lot, they might get bored before they got to this bit. The laws can be found. The word conjecture may crop up as no one so far can measure what each person is actually seeing. They can only compare peoples views on the subject when they are actually looking at the aspect being questioned.
? and it mentions a whole lot more. One of the problems with gamma and colour is that it's a very specialised area that has it's own way of expressing things.
Thanks anyhow. 