@Karpowich,
Wisdom appears to be the skillful combination of knowledge, experience, and understanding.
Simply telling the child the stove is hot, will impart knowledge. A child, simply believing this knowledge to be true, will have no real understanding of what hot means.
Most children, seeking understanding, will have to touch the stove once in order to obtain understanding of the knowledge they have been given.
Hopefully thier experience, combined with the knowledge of a hot stove, will be wisdom enough to not repeat the experience.
As we grow in experience we learn to transfer our experience to new situations that appear similar to past experience. We know what hot means ,wisdom is what keeps us from touching a hot iron, even though it is not a stove.
Solomon has said that wisdom is discernment.