  A realist view of the Einstein-Podolsky-Rosen-Bohm experiment with spins
based on quantum theory is presented. This view implies that there is no action
at a distance. It also implies that the measurement result A (B) for particle 1
(2) depends on both magnet angles, and hence the probability of obtaining the
result A (B) also depends on both magnet angles. In light of these realist
implications, it is clear that what is wrong at least with local realistic
theory is not the locality or no action-at-a-distance assumption itself but
rather the formal implementation of that assumption.
