We discuss the problem of how a (commutative) generalized observable in a finite-dimensional Hilbert space (communtative effect-valued resolution of the identity) can be considered as an unsharp realization of some standard observable (projection-valued resolution of the identity). In particular, we give a concrete procedure for constructing such a standard observable. Some results about the “uniqueness” of the resulting observable are also examined.

The discussion of a particular kind of interpretation of the energy-time uncertainty relation, the “pragmatic time” version of the ETUR outlined in Part I of this work [measurement duration (pragmatic time) versus uncertainty of energy disturbance or measurement inaccuracy] is reviewed. Then the Aharonov-Bohm counter-example is reformulated within the modern quantum theory of unsharp measurements and thereby confirmed in a rigorous way.

The problem of the validity and interpretation of the energy-time uncertainty relation is briefly reviewed and reformulated in a systematic way. The Bohr-Einsteinphoton-box gedanken experiment is seen to illustrate the complementarity of energy andevent time. A more recent experiment with amplitude-modulated Mößbauer quanta yields evidence for the genuine quantum indeterminacy of event time. In this way, event time arises as a quantum observable.

The possibilities of a realistic interpretation of quantum mechanics are investigated by means of a statistical analysis of experiments performed on the simplest type of quantum systems carrying spin or helicity. To this end, fundamental experiments, some new, for measuring polarization are reviewed and (re)analyzed. Theunsharp reality of spin is essential in the interpretation of some of these experiments and represents a natural motivation for recent generalizations of quantum mechanics to a theory incorporating effect-valued measures as unsharp observables and generalized (...) systems of imprimitivity. (shrink)