In order to explore the potential role of education in wisdom development two independent studies were done. The main goal of the first study was focused on exploring some aspects of implicit theories of wisdom. For the purpose of this research authors have constructed The "Questionnaire on Wisdom" and applied it on a sample of 259 participants 18 to 92 years old. The second study, focused on the explicit theories, used the "Self-Assessed Wisdom Scale" ("SAWS") (Webster, 2003, 2007) that consists of five factors: experience, emotional regulation, reminiscence/reflection, humour and openness. It was applied on a sample of 439 participants 24 to 88 years old. The role of education in wisdom development was discussed in the light of the results obtained by both implicit and explicit theories of wisdom. [For the complete Volume 13, Number 2 proceedings, see ED568600.]