Is the information transmitted by an ensemble of neurons determined solely
by the number of spikes fired by each cell, or do correlations in the emiss
ion of action potentials also play a significant role? We derive a simple f
ormula which enables this question to be answered rigorously for short time
-scales. The formula quantifies the corrections to the instantaneous inform
ation rate which result from correlations in spike emission between pairs o
f neurons. The mutual information that the ensemble of neurons conveys abou
t external stimuli can thus be broken down into firing rate and correlation
components. This analysis provides fundamental constraints upon the nature
of information coding, showing that over short timescales correlations can
not dominate information representation, that stimulus-independent correlat
ions may lead to synergy (where the neurons together convey more informatio
n than they would if they were considered independently), but that only cer
tain combinations of the different sources of correlation result in signifi
cant synergy rather than in redundancy or in negligible effects. This analy
sis leads to a new quantification procedure which is directly applicable to
simultaneous multiple neuron recordings.