If anybody wants a description of the third version of the argument.
In essence we have two observers ##C, D## and two superobservers ##A, B##.
##C, D## share a pair of spin-##\frac{1}{2}## particles, ##p_1,p_2##, in the Bell state:
$$|\psi\rangle = \frac{1}{\sqrt{2}}\left(|00\rangle + |11\rangle\right)$$
They measure the spin at angles they choose associated with operators ##\hat{C}_c, \hat{D}_d##.
Once the measurements are complete, the superobservers ##A, B## then apply a unitary to the ##(C, p_1, D, p_2)## system to reset everything to its original state and then measure their own spin angles ##\hat{A}_a, \hat{B}_b##.
This is then repeated over and over again, so one builds up a joint probability distribution ##\rho(a,b,c,d)##. The existence of a joint probability distribution then implies for the marginals:
$$|E(a,b) + E(b,c) + E(c,d) - E(a,d)| \leq 2$$
Which contradicts the normal properties of the Bell state which violates these inequalities.
Ultimately the third version of the FR theorem states that being able to reverse measurements on Bell states results in a contradiction with respect to their usual statistics, it would render their statistics classical. Also note that no one observer has knowledge of each outcome ##a,b,c,d##.
In this version there are four* ways out:
- There are systems that cannot be reversed to their initial states by a unitary time evolution, particularly certain measurements at least. Unitary evolution is not universally valid.
- Multiple Worlds.
- Quantum Mechanics is only about what can be measured by a single observer/from a single Boolean frame. Since nobody can experience all of ##a,b,c,d##, the statistics of them together are meaningless.
- One of the Marginals do not obey the quantum predictions and thus it is true that ##|E(a,b) + E(b,c) + E(c,d) - E(a,d)| \leq 2##. This would be an experimental disagreement with QM. Some retrocausal theories might allow this.
*there are in the Nature version of Frauchiger-Renner as well, but it's not as obvious as they only mention three. The fourth is the one stevedaryl has mentioned