Cautionary tales in myth explore philosophical questions surrounding morality, consequences, and the nature of choice. They often illustrate the dangers of hubris, greed, or ignorance, prompting audiences to reflect on their own behaviors. These tales encourage critical thinking about the balances one must maintain in life, essentially serving as moral compasses. By examining the pitfalls that befall characters, the myths serve as warnings, fostering wisdom and guiding audiences in their own decision-making processes.