free rider

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Free rider

A follower who avoids the cost and expense of finding the best course of action simply by mimicking the behavior of a leader who made these investments.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Free Rider

An investor whose investment decisions mimic those of another larger investor or firm. A free rider effectively places his/her hope in the larger investor to make profitable decisions. This is, of course, risky for the free rider because he/she does little to no research on his/her own, but this saves the expense of doing so. See also: Free Rider Problem.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

free rider

a CONSUMER who deliberately understates his or her preference for a COLLECTIVE PRODUCT in the hope of being able to consume the product without having to pay the full economic price for it.

For example, where a number of householders seek to resurface their common private road, an individual householder might deliberately understate the value of the resurfaced road to himself on the grounds that the other householders will pay to have all the road resurfaced anyhow and that he will therefore enjoy the benefit of it without having to pay towards its resurfacing. See CLUB PRINCIPAL.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The dependent variable FREE RIDE takes a value of one if the worker covered by union contract is a free rider and zero if the worker is a union member.
"On the day of Raksha Bandhan, I want to give a gift to our sisters that there will be free rides for women on all DTC (Delhi Transport Corporation) and cluster buses from October 29, which will ensure their safety," Kejriwal said at an Independence Day event here.
In order to bring in some extra cash, Waymo CEO John Krafcik suggested letting businesses pay Waymo to offer free rides to them.
The lucky youngsters were among 350 from Birmingham's special schools who are being given free rides on the carousel, thanks to the generosity of Bob Wilson's Funfairs.
To take advantage of the Free Ride Back program, bar and restaurant patrons need simply to call 602-200-2000 in Phoenix, or 520-200-2000 in Tucson, and specify they want a ride and a “Free Ride Back” to their car the next morning.
In August, MK won a court ruling that said there is nothing irregular about its plan to offer free rides, which was filed with the ministry May 10.
Two and a half months back Delhi Chief Minister Arvind Kejriwal had proposed free ride for women in all DTC buses, cluster buses and Delhi Metro trains.
However, eventually, students would have to fill up an application form on the websites of DOTr, MRT-3, and Light Rail Transit Authority to get a 'Student Free Ride' ID.
To get a free ride, veterans just need to present a valid Philippine Veterans Affairs Office (PVAO) identification card.
To reiterate, you just need to enter code LASAFERIDES in the Lyft app when you are hiring a ride, to get the free ride. Stay safe.
To register for a free ride in Scotland, visit www.goskyride.com
According to estimates, more than half-a-million commuters hopped on the buses, Metro and water taxis to enjoy the free ride. Among them thousands were just out there on a fun spree to experience the means of transportation in the emirate.