Abstract
A state-of-the-art analysis of the pion-photon transition form factor is presented based on an improved theoretical calculation that includes the effect of a finite virtuality of the quasi-real photon in the method of light-cone sum rules. We carry out a detailed statistical analysis of the existing experimental data using this method and by employing pion distribution amplitudes with up to three Gegenbauer coefficients . Allowing for an error range in the coefficient , the theoretical predictions for obtained with nonlocal QCD sum rules are found to be in good agreement with all data that support a scaling behavior of the transition form factor at higher , like those of the Belle Collaboration. The data on from CLEO and \babar are also reproduced, while there is a strong conflict with the auxetic trend of the \babar data above 10 GeV. The broader implications of these findings are discussed.
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