Originally posted by Mharr:

That or just jump onto a high rock. Out of character as it seems, wolves cannot currently jump.

yup, thats the best way to deal with them... even with you are being hunted event.
I remember my first time in mountains biome... i wasnt ready for it and was one-shot killed by a wolf. For a long time after that my tactic was to run from one rock to another, recover stamina and find a new rock to climb :)