Psychologists and philosophers have both asked a fundamental
question about the human experience -- what is the best way to live
-- but have employed different methods of inquiry. Psychological
research into this question has taken the form of empirical
investigations in three main domains: (1) how wise and competent
people live their lives; (2) the values that are embodied in the
actions of wise people; and (3) the psychological benefits that
come from following different values. Philosophical methods of
inquiry, based on appeals to lived experience as presented
anecdotally, through literature, and through analysis at the
conceptual level, provide complementary ways of understanding
wisdom and the values embedded therein. This chapter provides an
integrative review combining empirical research related to wisdom
and its inherent values with an analysis of wisdom and values from
the philosophical tradition with a focus on Aristotelian virtue
theory. The content includes both reviews of relevant literature
and results from original data sets, illustrates the values
inherent in both the psychological and philosophical approaches,
and highlights the commonalities as well as current differences
between these two methods of inquiry.
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