\u3cp\u3eThis paper studies the impact of probabilistic shaping on effective signal-to-noise ratios (SNRs) and achievable information rates (AIRs) in a back-to-back configuration and in unrepeated nonlinear fiber transmissions. For the back-to-back setup, various shaped quadrature amplitude modulation (QAM) distributions are found to have the same implementation penalty as uniform input. By demonstrating in transmission experiments that shaped QAM input leads to lower effective SNR than uniform input at a fixed average launch power, we experimentally confirm that shaping enhances the fiber nonlinearities. However, shaping is ultimately found to increase the AIR, which is the most relevant figure of merit, as it is directly related to spectr...