Yes, it does. Barry Schwartz's book, The Paradox of Choice — Why More is Less, puts people into two categories: maximizers and satisfiers.
Maximizers spend more time and energy comparing various options in search of the best. Although it leads to more informed choices, it takes them longer to decide, making them more likely to feel dissatisfied with their decisions.
Satisfiers compare options, find what's good enough, and don't spend mental and emotional resources worrying about whether there's a better alternative out there. They're less likely to experience choice overload.