The idea of a partial information decomposition (PID) gained significant attention for attributing the components of mutual information from multiple variables about a target to being unique, redundant/shared or synergetic. Since the original measure for this analysis was criticized, several alternatives have been proposed but have failed to satisfy the desired axioms, an inclusion–exclusion principle or have resulted in negative partial information components. For constructing a measure, we interpret the achievable type I/II error pairs for predicting each state of a target variable (reachable decision regions) as notions of pointwise uncertainty. For this representation of uncertainty, we construct a distributive lattice with mutual information as consistent valuation and obtain an algebra for the constructed measure. The resulting definition satisfies the original axioms, an inclusion–exclusion principle and provides a non-negative decomposition for an arbitrary number of variables. We demonstrate practical applications of this approach by tracing the flow of information through Markov chains. This can be used to model and analyze the flow of information in communication networks or data processing systems.
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