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Prajñā (Sanskrit) or paññā (Pāli) "wisdom" is insight in the true nature of reality, namely primarily anicca (impermanence), dukkha (dissatisfaction or suffering), anattā (non-self) and śūnyatā (emptiness).
Prajñā is often translated as "wisdom", but is closer in meaning to "insight", "discriminating knowledge", or "intuitive apprehension".
Paññā is the fourth virtue of ten Theravāda pāramitās, and the sixth of the six Mahāyāna pāramitās.
In Mahayana Buddhism, the importance of prajna was stressed in combination with karuna, compassion. It took a central place in the Prajñā-pāramitā Sutras, such as the Heart Sutra. Prajna is spoken of as the principal means of attaining nirvāna, through its revelation of the true nature of all things as emptiness.