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- The challenges posed by quantum entanglement in quantum foundation

I was studying about the quantum entanglement phenomena and got introduced to the concept of EPR paradox. From this juncture, I see two schools of thought, one describing quantum mechanics as a probabilistic description and the other brings into question the local hidden variable theory. These two contending schools of thought, I think, can drastically change the way undergrad students study Physics. Hereby, I am interested to know what are the scopes of research in quantum foundation, concerned with the quantum entanglement phenomenon.