The thermodynamic properties of the pyrochlore Yb${}_{2}$Ti${}_{2}$O${}_{7}$ material are calculated using the numerical linked-cluster calculation method for an effective anisotropic-exchange spin-$\frac{1}{2}$ Hamiltonian with parameters recently determined by fitting the neutron scattering spin-wave data obtained at high magnetic field. Magnetization $M(T,h)$ as a function of temperature $T$ and for different magnetic fields $h$ applied along the three high-symmetry directions [100], [110], and [111] are compared with experimental measurements on the material for temperature $T>1.8$ K. The excellent agreement between experimentally measured and calculated $M(T,h)$ over the entire temperature and magnetic field ranges considered provides strong quantitative validation of the effective Hamiltonian. It also confirms that fitting the high-field neutron spin-wave spectra in the polarized paramagnetic state is an excellent method for determining the microscopic exchange constants of rare-earth insulating magnets that are described by an effective spin-$\frac{1}{2}$ Hamiltonian. Finally, we present results which demonstrate that a recent analysis of the polarized neutron scattering intensity of Yb${}_{2}$Ti${}_{2}$O${}_{7}$ using a random phase approximation method [Chang et al., Nat. Commun. 3, 992 (2012)] does not provide a good description of $M(T,h)$ for $T\ensuremath{\lesssim}10$ K, that is, in the entire temperature regime where magnetic correlations become non-negligible. With the compelling evidence that we now have at hand an accurate microscopic Hamiltonian for Yb${}_{2}$Ti${}_{2}$O${}_{7}$, our work exposes a paradox: why does this material fail to develop long-range ferromagnetic order?