Step 1: Understanding the question.
We are asked which of the given phenomena cannot be explained by the wave theory of light.
Step 2: Recall phenomena explained by the wave theory.
The wave theory of light successfully explains the following phenomena:
- Interference
- Diffraction
- Polarization
- Reflection and Refraction
These effects arise due to the wave nature of light, involving superposition and propagation of electromagnetic waves.
Step 3: Phenomena that require particle nature of light.
Certain phenomena, however, cannot be explained by wave theory and require the photon or particle model of light. These include:
- Photoelectric effect
- Compton effect
- Black body radiation
The Compton effect involves the scattering of X-rays by electrons, resulting in a shift in wavelength depending on the scattering angle. This can only be explained by treating light as consisting of particles (photons) that collide with electrons, transferring energy and momentum like in elastic collisions.
Step 4: Conclusion.
Since the Compton effect cannot be described using the wave theory of light, it is the correct answer.
Final Answer:
\[
\boxed{\text{Compton effect}}
\]