After an impressive patch of form in September, the Foxes have now gone three games without a win, but Pearson believes that his side have been slightly unfortunate not to collect more points this month.
"We look at the games and reflect on them as honestly as we can. The facts remain if you don't defend efficiently you'll be punished. Likewise if you spurn the opportunity to take you're chances you will be punished," the Leicester boss told reporters.
"When you look at the margins at success and failure they are ever decreasing. The margins get smaller and the details get more important. It is difficult to always have a balanced view on it.
"When people want to talk positively about your team and about us in general you can be quite wary about getting overly excited. Likewise I don't get too downbeat when things don't go how we would like them to go."
Leicester return to action against Swansea City on Saturday.