This study conducted with the goal of investigating the quality of wisdom-related knowledge of students and its role in real life problem solving. Also the students’ epistemological beliefs and its relation with wisdom were studied. By using stratified sampling 101 humanities and science B.A. and M.A. students were selected. Data was collected through Manual for the assessment of wisdom-related performances Berlin paradigm and king and kitchener's reflective judgment interview.Findings indicated students wisdom mean (1901) was lower that the average mean (20) of wisdom. There was no difference in wisdom among B.A. and M.A. students and there was no gender difference as well. But humanities and science students were significantly different in wisdom. In reflective judgment students' mean was (3.49). They were between pre-reflective and quasi-reflective stage. There was only significant difference in reflective judgment between B.A. (3.22) and M.A students (3.79). The correlation between wisdom and reflective judgment (0/28) was relatively weak.
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