There is a paper out that claims World Series telecasts are an inferior good. That means:
In consumer theory, an inferior good is a good that decreases in demand when consumer income rises, unlike normal goods, for which the opposite is observed.[1] Normal goods are those for which consumers’ demand increases when their income increases. [2] This would be the opposite of a superior good, one that is often associated with wealthy, whereas inferior is often associated with lower socioeconomic groups.
The original article is gated. I suppose rich people just watch less TV in general. They certainly spend money on luxury boxes at games.
Well, the Serious is always on broadcast TV, rather than cable. Also, they show it in bars. 🙂
It’s also a time-consuming activity, which means people watch it when they have more leisure. Oh, I just saw the paper’s title; looks like the authors make that point.
Anyway, those are just a few quick thoughts. I have no expertise in these matters, so pay me no mind.