Tom always calls his grandfather when he wants some figuring out a difficult problem in his life. paul baltes would say that tom is seeking his grandfather's

Paul baltes would say that tom is seeking his grandfather's "wisdom".

Wisdom is one of those characteristics hard to characterize—in light of the fact that it incorporates so much—however which individuals by and large perceive when they experience it. Furthermore, it is experienced most clearly in the domain of basic leadership. Psychologists have a tendency to concur that astuteness includes a joining of information, experience, and profound understanding that fuses resilience for the vulnerabilities of life and in addition its good and bad times. There's a consciousness of how things play out after some time, and it gives a feeling of adjust.

"choosing is refusing" means individuals face an opportunity cost with each decision they make. economists state that every decision involves trade-offs. opportunity cost is the least desirable alternative given up as a result of a decision.