Character traits such as hubris, greed, and pride often lead to downfall in mythological stories. These flaws create conflicts that drive the narrative, revealing the consequences of excessive ambition or disregard for divine will. Myths often utilize these traits to teach moral lessons about humility, balance, and the importance of recognizing one's limitations. The downfall ultimately serves as a cautionary tale for the audience, emphasizing the value of self-awareness in both personal and communal contexts.