The paper by Paris that you cite states on p.2.,
This is an extremely special case of QM, far too special for anything that could claim to be a foundation for all of quantum mechanics. It can serve as a motivation and introduction, but not as a foundation. (And the author doesn't claim to give one.)
If ##X## is a Hermitian operator with a discrete spectrum (which Paris assumes on p.2) then the calculation in Postulate 2 on p.3 is valid and gives a valid derivation of the meaning of the expectation two lines after (1) from the Born rule one line before (1). If the spectrum contains a continuous part, Born's rule as stated in the line before (1) is invalid, as the probability of measuring ##x## inside the continuous spectrum is exactly zero, although a measurement result is always obtained. Instead,
the squared absolute amplitude should give the probability density at ##x##.
Wikipedia's Born rule has a technical annex for the case a general spectrum that is formally correct but sounds a bit strange for fundamental postulates (that should be reasonably intuitive). But it is not formulated generally enough since the deduction from it,
(which is essentially Born's original interpretation from 1926 - he didn't consider observables other than position coordinates)
doesn't follow but needs even more machinery from functional analysis about the existence of the joint spectrum for a set of commuting self-adjoint operators. it is very strange that the foundations of quantum mechanics should depend on deep results in functional analysis...
Paris goes on to say on p.3,
This is incorrect since according to every interpretation of quantum mechanics, the dynamics of an isolated system is always unitary and it cannot be observed, since observation is possible only when the system interacts with a detector.
The correct formulation (in the finite-dimensional case discussed by Paris) should be:
Postulate 2a. As long as a system is isolated the dynamics of its state is given by the Schroedinger equation. During the interaction with an instrument the state changes in such a way that (in the interaction picture) the state of a system in a pure state ##\psi## before the entering the instrument changes upon leaving the instrument with probability ##|P_x\psi|^2## to a pure state proportional to ##P_x\psi##, where ##\sum_x P_x^*P_x=1## (i.e., the ##P_x^*P_x## form a POVM). The ##P_x## are characteristic for the instrument, and can (in principle) be predicted from a quantum treatment of the instrument.
This is the observer-free formulation. It can be complemented by the following assertion involving observation:
Postulate 2b. If the final state is proportional to ##P_x\psi##, one can (in principle) deduce the value of ##x## from observations of the instrument and its surrounding. But the change of state happens whether or not the instrument is observed.
There is a corresponding version for mixed states that involves density matrices (which also needs a replacement of Postulate 1 of Paris). The resulting set of postulates is a much better set of postulates for (finite-dimensional) quantum mechanics. In particular, after an appropriate extension to POVMs with infinitely many components, they (unlike the Born rule) fairly faithfully reflect most of what is done in modern QM.
A mutilated, unnecessarily rigid and subjective form of the postulates in the density matrix version was stated by Paris on p.9.
Note that in this process he completely changed the postulates! Postulate 1 (pure states) was silently dropped on p.4 where he remarks that ''different ensembles leading to the same density operator are actually the same state, i.e. the density operator provides the natural and most fundamental quantum description of physical systems''. (How can something be more fundamental than the very foundations one starts with? How can obviously different ensembles, if they mean anything physically, ''actually be the same state''? Only by changing the notion of a state.) Postulate 3 (unitarity) is dropped on the same page by observing that ''the action of measuring nothing should be described by the identity operator'', while according to Postulate 3 it should be described by the Hamiltonian dynamics. (He is assuming an interaction picture, without mentioning it anywhere!) Finally, Postulate 2 (the definition of an observable and the Born amplitude squaring rule) is replaced by a new definition of observables in II.1 and a generalized Born rule II.3 that was invented only much later (probably around the time Born died). In II.5 he adds
a rule that is in direct conflict with II.3 since a measurement performed in which we find a particular outcome cannot lead to two different states depending on whether or not we record the result.
Thus Paris documents in some detail that
modern quantum mechanics is, fundamentally, neither based on state vectors nor on observables being Hermitian operators nor on instantaneous collapse nor on Born's rule for the probability of finding results. Instead, it is based on states described by density matrices, observables described by POVMs, interactions in finite time described by multiplication with a POVM component, and a generalized Born rule for the selection of this component. This generalized setting is necessary and sufficient to describe modern quantum optics experiment at a level where efficiency issues and measuring imperfections can be taken into account.
Apart from the Hilbert space, nothing is kept from the textbook foundations, except that the latter serve as a simplified (but partially misleading) introduction to the whole subject.