It depends on the format/platform and situation.
For PC games: The native resolution for my "monitor" is 1360x768, so I rather have games run at that resolution since lower resolutions look blurry and mess with the color space, while higher resolutions also mess with the color space and hide UI elements. Getting a monitor is on my to-do list, but 144Hz 1080p monitors since I don't care about 4k and going above 60 FPS/Hz would be nice from time to time.
For consoles: Whatever the game was designed at since I'm not big on emulation. I'm not going to buy component cables for my PS2, but I'm more of a 16:9 snob in this regard since there are still a few PS3 HD collections that I still want to pick up.
For internet video: 1080p, unless I just have something on as background noise in which 480p works fine for audio quality.
For video on physical media: I prefer Blu-ray above anything else, but I'm not going to re-buy something if I already have it on DVD. Already went through that with VHS.
For phones: I'm not much of a phone "power user". They're pretty much glorified mp3 players that can occasionally call and text people and check my various e-mail addresses given how I use them. So I can't justify paying hundreds for phones with 1440p screens, or even 1080p since I only two apps on a daily basis. But I can't go lower than 720p since I occasionally like to watch YouTube videos.
...So I guess the TL;DR is 'yes, but within reason.'
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