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This chapter reviews psychological theories and research about how wisdom develops. Why do some people become highly wise over time while others do not seem to gain any insights from their experiences? First, a broad developmental model of wisdom as expertise is introduced, which distinguishes between person characteristics, factors that foster the development of expertise in general, and experiential contexts that are conducive to wisdom. Then, a more specific model is described that describes five resources that help people gain wise insights from life challenges. Finally, empirical evidence on the relationship between wisdom and age is reviewed.
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