Expert knowledge about the practical aspects of life that permits excellent judgment about important matters is called wisdom.
Wisdom is a quality attributed to someone who has a great deal of knowledge about the practical aspects and is distinguished by using them wisely.
Who possesses wisdom, therefore, has knowledge and a deep understanding on some subject.
For psychology, wisdom is the ability of a person to acquire information and use it in the most positive and beneficial way possible, both for himself and for others.
Therefore, we can conclude that expert knowledge about the practical aspects of life that permits excellent judgment about important matters is called wisdom.
