The study by Holt and Laury looked at how offering higher rewards can make people more cautious when taking risks. They found that when the stakes are raised in a gambling task, individuals tend to become more risk-averse. However, it was discovered that the order in which the tasks are presented can also influence this behavior. When the order effect was taken into account, the impact of higher stakes on risk aversion was found to be only half as strong as initially thought. This suggests that while incentives can indeed affect risk attitudes, the way in which tasks are presented can also play a significant role in shaping decision-making.