Von Neumann-Lueders projection, and its applicability to EPR experiments

Notwithstanding it is well known that von Neumann's projection postulate is inapplicable to most realistic measurement procedures, it keeps haunting the foundations of quantum mechanics. In particular its applicability to EPR experiments is often assumed. In the present contribution this problem is considered from the point of view of a quantum mechanical theory of measurement, allowing a treatment of projection in EPR experiments as a special case of conditional preparation. The conditions are spelled out under which the postulate may be applicable.