This paper addresses two questions. (i) What is the role of emotions i
n decision-making? (ii) Can emotions be attributed to organizations, a
nd is their role in decisions made between organizations the same as i
n decisions made between individual people? The answers given to quest
ion (ii) are yes and yes. The proposed answer to question (i) is based
upon a game-theoretic approach, which considers how emotions may be o
f strategic benefit to game players.