We use discrete-event simulation to construct a subquantum model that can reproduce the quantum-theoretical prediction for the statistics of data produced by the Einstein-Podolsky-Rosen-Bohm experiment and an extension thereof. This model satisfies Einsteins criterion of locality and generates data in an event-by-event and cause-and-effect manner. We show that quantum theory can describe the statistics of the simulation data for a certain range of model parameters only.
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