“…The second approach comprises definitions explaining wisdom as one of the positive results of a person's development (see Erikson, 1982;Arlin, 1990;Kramer, 1990Kramer, , 2000Labouvie-Vief, 1990Orwoll, & Perlmutter, 1990). Representatives of the third approach define wisdom in terms of a complex system of practical knowledge (Baltes, Dittmann-Kohli, & Dixon, 1984;Baltes & Smith, 1990;Baltes & Staudinger, 1993Staudinger, 1999;Baltes & Kunzmann, 2003, 2004. Finally, the fourth approach encompasses those definitions in which wisdom is understood as a process manifesting itself in everyday life (see Sternberg, 1998Sternberg, , 2003Sternberg, , 2007Yang, 2001Yang, , 2011Yang, , 2013.…”