Final answer:
The statement is True. Epicurus placed great value on practical wisdom, as it is essential in achieving ataraxia, the state of tranquility that constitutes the ultimate goal of his philosophy.
Step-by-step explanation:
The statement that 'Prudence is the art of practical wisdom, so it is even more valuable than philosophy to Epicurus' is True. Epicurus valued the pursuit of pleasure as the ultimate goal of life, but he understood pleasure in terms of leading a tranquil life, free from mental, emotional, and physical pain. This state is referred to as ataraxia. Prudence or practical wisdom is crucial in this regard because it allows one to make decisions that avoid pain and lead to a peaceful life, hence Epicurus would view it as extremely valuable, perhaps even more so than the abstract contemplation that is typically associated with philosophy.
The Epicureans prioritized empirical knowledge derived from sense experience and believed that reason should guide human existence. In contrast to Plato, who valued the realm of forms and idealized contemplation and discussion to apprehend truth, the Epicureans were more focused on naturalistic ethics and understanding human nature to lead a good life. Therefore, in the Epicurean framework, practical wisdom is imperative for living virtuously and achieving happiness.