Incorrect. Pedestrians only have the right of way in a cross walk if your continued vehicular movement would cause impingement on their ability to freely travel the length of the cross walk.Knowledge is knowing that the law says pedestrians have the right of way as soon as they enter the crosswalk.
Wisdom is, knowing the laws of physics say that the 3,500lbs car traveling at 40mph actually has the right of way, and keeping your happy ass on the curb.
AKA. Don't be a dick and sit in the right hand turn lane for 20 seconds waiting for the douchenozzle at the other end of the intersection to get to your side of the street.
Other AKA. Don't run over people or make them jump out of your way.