We review and develop the quantum theory of measurement along the line
of thought of the many-Hilbert-space approach, originally proposed by
Machida and Namiki some years ago. Our main interest is to analyze th
e mechanism of the wave-function collapse by measurement. We start by
discussing the wave-particle dualism of quantum mechanical particles,
as observed in a typical interference experiment of the Young type, an
d then analyze the quantum measurement process from a physical point o
f view. On the basis of these arguments, we reformulate the notion of
wave-function collapse by measurement: We view the collapse as a depha
sing process among the branch waves after they have undergone spectral
decomposition, in opposition to the conventional Copenhagen interpret
ation. One of the most important points of the present approach is the
introduction of an order parameter epsilon (named decoherence paramet
er) that ranges from 0 to 1 and quantitatively represents the degree o
f decoherence. In terms of this parameter we formulate a definite crit
erion to judge whether an instrument works well or not as a measuring
apparatus: The case of perfect decoherence, epsilon = 1, describes an
apparatus by which we can perform perfect measurement, while the case
of perfect coherence, epsilon = 0, describes an instrument by which we
observe perfect interference. The intermediate values between 1 and 0
correspond to imperfect measurements or mesoscopic phenomena. From th
is point of view, we briefly give a critical review of some famous mea
surement theories. The present theory of measurement is also theoretic
ally formulated in terms of density matrices within the mathematical f
ramework of the continuous direct sum of many Hilbert spaces (the cont
inuous-superselection-rule space). In order to show the characteristic
s of the theory, we introduce several solvable detector models and per
form numerical simulations. Finally we analyze, by means of similar or
der parameters, miscellaneous related problems, including neutron and
photon interference phenomena.