The Foxes lost 5-2 to Arsenal in the Premier League on Saturday, suffering their first defeat of the season to date in what was a pulsating encounter.
Both Leicester and Arsenal showed disregard to defending, as they pilled men forward, but Ranieri said that he actually gave his side instructions to be slightly more cautious in the second period, even though they came in at 2-1 down.
"I said to them at half time, I change Shinji [Okazaki], a tactical change, and put another midfielder to try get some control in the middle, so we don't give them many chances, and then I wanted to reopen the match in the last 20 minutes," he told the Leicester Mercury. "But they scored the third goal and it was finished. It was very difficult after that."
Leicester have made a brilliant start to the new campaign, but their attacking style played into Arsenal's hands, as Arsene Wenger's side picked them off in style.
The Gunners are lethal on the counter-attack, and they showed their ruthless instincts, as Theo Walcott and Olivier Giroud scored either side of Alexis Sanchez's hat-trick.
The result serves as a reality-check for Leicester, but Ranieri will still be delighted with the impact he has made at the King Power Stadium.
The Foxes are still in seventh place in the Premier League table, and have looked one of the most dangerous teams in England in the opening weeks of the season.