I believe it. I have seen people circle parking lots multiple times or sit parked in the middle of the road waiting for a spot to open up rather than just drive another 5 minutes farther away and then walk.
I lived in a neighborhood ~5 years ago where I didn't have a dedicated parking space. I generally had to park a 10-15 minute walk away from where I lived. Many people would rather just circle for 15 minutes instead.