Abstract
AbstractSocial issues (e.g., partisan politics, economic decisions, and interpersonal conflicts) often involve trade‐offs, necessitating the consideration of multiple interests. Such issues do not have simple answers and benefit from wise reasoning—a set of metacognitive strategies that guide people toward managing complexity and balancing different interests. We review recent advances in research on wise reasoning, including evidence pertinent to the question of wisdom's trait‐like and state‐specific features, how it varies across situations, and how one can develop it. Overall, empirical studies suggest that researchers can understand wisdom better by paying attention to its situated nature across time and contexts.
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