Trust is built on two main dimensions - competence and aligned incentives. Competence refers to the likelihood of someone sharing accurate beliefs based on their expertise and how well-informed they are. Aligned incentives are crucial in building trust as it determines if someone will share accurate beliefs with you based on their short-term and long-term incentives. Short-term incentives involve the immediate gains from a specific message, while long-term incentives focus on mutual interest and benefits from a relationship. Trust is established when there is a balance between competence and aligned incentives.

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