Try and recall:

A. The gut feel that worked

Think of an instance where you relied on your gut feel that resulted in a positive outcome. What was the context? What happened and what were the consequences? Try to identify the assumptions and inferences that led you to follow the gut feel. What were they?

B. The gut feel that failed

Think of an instance where you relied on gut feel that resulted in a negative outcome. What was the context? What happened and what were the consequences? Try to identify the assumptions and inferences that led you to follow the gut feel. What were they?

Source: Sadler-Smith, E., & Shefy, E. (2004). The intuitive executive: Understanding and applying ‘gut feel’ in decision-making. The Academy of Management Executive, 18(4), 76-91.