Gamma VS inverse gamma distribution

Dear Johannes.

Could I ask a question about prior distribution? In practice, what is the difference between Gamma and Inverse Gamma distribution?

Thanks a lot!

It is mostly a conceptual difference. The inverse gamma distribution does not include 0, while the gamma distribution does. In practice, that does not matter much, because having a zero is a zero probability event in any case. Thus, the practical difference is that the two have somewhat different shapes. See the pictures in the right box at and