I really don't buy that argument. [a href=\"index.php?act=findpost&pid=160949\"][{POST_SNAPBACK}][/a]
I do, although the advantages of more pixels and greater resolution might be better explained by John Sheehy. At the level of pure physics (ie. excluding the effects of human perception), as far as I can see, any increase in DR would flow from a lower shot noise, not lower in the absolute sense, but lower in terms of S/N.
Lets consider the following thought experiment. (And one that BJL will appreciate, I'm sure .)
Let's imagine that at the same time the 5mp Olympus E-1 came out, Olympus also introduced a 20mp camera of the same aspect ratio but with a sensor 4x the area (roughly equivalent to the 1Ds3).
Because the technology used was very similar for both cameras, the DR of each individual pixel was identical in each camera. The photodiodes were the same, the on chip processing for each photodiode was the same, the ISO rating was the same and the read noise per pixel was the same.
If these two cameras were tested using your target per your instructions of getting the centre square 100 pixels wide, then both cameras would appear to have the same DR according to you.
Let's examine what would happen in reality when both cameras are used to shoot a scene, artificial target or general view, keeping the FoV the same for both cameras.
I'm sure you would agree, if you were to take any specified crop of that scene, however small, there would be 4x as many pixels in the crop from the larger format camera.
Let's make the crop so small that it is exactly the same size as a single pixel from the 5mp E-1, and let's say that the intensity of light is so great in that pixel-size part of the scene that it fills the well of the E-1 photodiode, producing a full ETTR.
Let's now examine the identical crop from the same scene shot with the larger format 20mp camera. The light that fills the well of one single E-1 photodiode now falls on 4 pixels from the larger camera. Each pixel receives 1/4 the amount of light, but that includes the pixels also that are gathering light from the dark part of the scene.
In order to fill all the wells in both cameras to an equal level, the camera with 4x the number of pixels needs 4x the exposure, 4x the amount of light. Either the scene needs to be 4x brighter or the aperture used in the larger camera needs to be 2 stops wider.
Now, if it were not for shot noise, there might appear to be no dynamic range advantage here, but with 4x the number of photons arriving at the sensor, I would think that shot noise, as a proportion of total signal level (S/N) would be half. I might be wrong here, though.
It might also be the case that other sources of noise completely obscure any improvement in shot noise to the point where such improvement is insignificant.