Based on the conceptual basis of information theory, we propose a novel mutual information measure-'path-based mutual information'. This information measure results from the representation of a set of random variables as a probabilistic graphical model. The edges in this graph are modeled as discrete memoryless communication channels, that is, the underlying data is ergodic, stationary, and the Markov condition is assumed to be applicable. The associated multilinear stochastic maps, tensors, transform source probability mass functions into destination probability mass functions. This allows for an exact expression of the resulting tensor of a cascade of discrete memoryless communication channels in terms of the tensors of the constituting communication channels in the paths. The resulting path-based information measure gives rise to intuitive, non-negative, and additive path-based information components-redundant, unique, and synergistic information-as proposed by Williams and Beer. The path-based redundancy satisfies the axioms postulated by Williams and Beer, the identity axiom postulated by Harder, and the left monotonicity axiom postulated Bertschinger. The ordering relations between redundancies of different joint collections of sources, as captured in the redundancy lattices of Williams and Beer, follow from the data processing inequality. Although negative information components can arise, we speculate that these either result from unobserved variables, or from adding additional sources that are statistically independent from all other sources to a system containing only non-negative information components. This path-based approach illustrates that information theory provides the concepts and measures for a partial information decomposition.
Keywords: causal inference; data processing inequality; diagnostics; information theory; mutual information; partial information decomposition; paths; tensors; transfer entropy.