>How would you know if there's no empiric evidence?

If theres no empiric evidence, how can you claim that you can simply use LTV to price market inputs?

We can't make a claim either way without empiric evidence.

We do, however, have plenty of empiric evidence for how the current pricing mechanism works and based on that I figure it might be time to try something new?

Current pricing (as a system) is honestly pretty good, its largely the limitation of corporate liability that permits the scale to be out of balance.