Curie-Weiss model of the quantum measurement process
  A hamiltonian model is solved, which satisfies all requirements for a realistic ideal quantum measurement. The system S is a spin-$\half$, whose $z$-component is measured through coupling with an apparatus A=M+B, consisting of a magnet $\RM$ formed by a set of $N\gg 1$ spins with quartic infinite-range Ising interactions, and a phonon bath $\RB$ at temperature $T$. Initially A is in a metastable paramagnetic phase. The process involves several time-scales. Without being much affected, A first acts on S, whose state collapses in a very brief time. The mechanism differs from the usual decoherence. Soon after its irreversibility is achieved. Finally the field induced by S on M, which may take two opposite values with probabilities given by Born's rule, drives A into its up or down ferromagnetic phase. The overall final state involves the expected correlations between the result registered in M and the state of S. The measurement is thus accounted for by standard quantum statistical mechanics and its specific features arise from the macroscopic size of the apparatus. 
Armen E. Allahverdyan, Roger Balian and Theo M. Nieuwenhuizen