The concept of free rider is commonly used in economics and it describes the individuals who consume more than their share of resources or who contribute less than their share of cost. It is used in economics as a free rider problem when there is non-production or under-production. In the context of team work, free rider is an individual who does not contribute in the team work and does not pay his duties properly. Therefore, free rider problem in this context is that some team members put more efforts and some do not contribute but all the members get the final benefits. In finance, free rider problem occurs when a customer purchases shared beyond his means.