Title 1 "Adam Smith [...] contributed to a dominant tendency of thought that has ever since interfered with positive action based on rational analysis, namely, the tendency to assume that decisions reached individually will, in fact, be the best decisions for an entire society." (Garrett Hardin, 1968, The Tragedy of the Commons) Reflecting on the concepts of social interactions, Pareto-efficiency and fairness: a. Critically assess Hardin's quote by making use of insights from game theory. b. In such context, explain the role (and limitations) of public policy in resolving social dilemmas. c. Thinking about the real-world events which characterised the past year, can you think of any concrete examples and/or empirical evidence to support your arguments