The advent of Bell's inequalities provoked the possibility that entangled q
uantum phenomena are non-local in nature. Since teleportation only requires
two bits, we investigated whether non-local correlations can be further qu
antified in terms of finite information. The EPR-Bell cosine correlation is
reproduced exactly using on average 1.48 bits. (C) 2000 Elsevier Science B
.V. All rights reserved.