Automotive urban legend. Higher octane is LESS volatile. The benefit of higher octane is for high compression engines because the lower volatility prevents detonation or “knocking” that occurs with the use of lower octane (more volatile) fuel. The less-volatile fuel with higher octane resists detonation and therefore stops pinging.
Because high compression engines are found in performance cars which demand higher octane fuel to run well, so began the urban legend that higher octane automatically equals higher performance. The only performance benefit from higher octane fuel in a standard engine will be if the fuel contains less or no ethanol.
Grouse
Many newer engines will modify the performance parameters based on the apparent octane of the fuel currently in the vehicle. The octane adjustment ratio is where it’s usually deciphered. (OAR). You can actually monitor it with an app after a fill up and see how the timing is changed from 87 vs 91+. No, it wont be a massive increase in performance or MPG’s, but it does make most newer engines run better.