If you have some initial luck, then recursively applying your intuition on your intuition could lead you to better approximations of the hypothetical expected utility. But are we lucky enough?

There are two sources of hope: First, evolution would filter out the obviously unlucky species -- those who by applying their intuition on their intuition would bring themselves to a quick failure (but there still remains a danger of short success now, leading to a greater damage later). Second, the universe is simple enough, at least on some levels, so after some treshold of complexity it may be actually easier to create a process that could get it right, than a process that could mostly get it right and then face some impassable barrier (other than simply not having enough resources). For example there was no evolutionary pressure to allow us calculate quadratic equations, but we can do it, because with a mind capable of general reasoning and symbolic manipulation and some basic math, you probably get the ability to solve quadratic equations as a free bonus; you just have to discover them. So as far as our intuition applied on our intuition can approximate reality with some success, there is a hope that this success can be increased by applying our intuitions further.