The quantum measurement process in an exactly solvable model
  An exactly solvable model for a quantum measurement is discussed which is governed by hamiltonian quantum dynamics. The $z$-component $\hat s_z$ of a spin-1/2 is measured with an apparatus, which itself consists of magnet coupled to a bath. The initial state of the magnet is a metastable paramagnet, while the bath starts in a thermal, gibbsian state. Conditions are such that the act of measurement drives the magnet in the up or down ferromagnetic state according to the sign of $s_z$ of the tested spin. The quantum measurement goes in two steps. On a timescale $1/\sqrt{N}$ the off-diagonal elements of the spin's density matrix vanish due to a unitary evolution of the tested spin and the $N$ apparatus spins; on a larger but still short timescale this is made definite by the bath. Then the system is in a `classical' state, having a diagonal density matrix. The registration of that state is a quantum process which can already be understood from classical statistical mechanics. The von Neumann collapse and the Born rule are derived rather than postulated. 
Armen E. Allahverdyan, Roger Balian and Theo M. Nieuwenhuizen