I had this same question…a good link was sent to me. See the link in this post: What does it mean to have a pareto distribution with a shape parameter greater than .7? - Questions / version agnostic - PyMC Discourse
I had this same question…a good link was sent to me. See the link in this post: What does it mean to have a pareto distribution with a shape parameter greater than .7? - Questions / version agnostic - PyMC Discourse