My tone is reflective of my mistrust of your intention
How have I earned that mistrust? Do you think it’s fair to continue that mistrust after my efforts to elaborate my point?
I am sorry if that is uncomfortable.
Pardon my tone, but: That’s a nonpology. I can do without those.
On the contrary, I think applying theoretical models to current real-world economics is the only way to make sense of where theory and reality deviate.
I agree. My original “reminder” was to point out that deviations occur. The mental shortcut that I meant was to only take LTV into account when discussing economics.
I would have found it more interesting if you had been more specific in how you think LTV was being misused.
I don’t know if “misused” is the right term, but one example where LTV falls flat is that it doesn’t model the destruction of value due to environmental pollution.