We all know that one dollar is equal to 100 cents, but a study published in Psychological Science suggests that, in some situations, individuals may behave as if 100 cents actually has more value.

• Position: Noteworthy - Brief article

We all know that one dollar is equal to 100 cents, but a study published in Psychological Science suggests that, in some situations, individuals may behave as if 100 cents actually has more value. "In some cases, money may just serve as a score: the higher number wins, regardless of the actual value," says study coauthor John Opfer. One important implication of this is that economic rewards do not...