Agreement between the experimental value Γ(KS→γγ) and the number predicted via a one-loop chiral perturbation
theory calculation has been cited as a success for the latter. On the other
hand the one-loop prediction for the closely related process KL→π0γγ has been found to be a factor three below the experimental
value. Using the inputs of unitarity and dispersion relations, we demonstrate
the importance of higher order loop effects to both of these processes.Comment: 20 pages (4 figures available on request), UMHEP-39