Bet adjustment is actually about the management of risk and emotions. Pursuing after losses through bets increase can be potential danger, because a single wrong turn can erase you. Increasing after a win may feel safe, if you will be betting with the profit, yet it can as well backfire when the streak stop abruptly. From my view, I will prefer staying with consistent bets with slight adjustment, because stability provides better chances of lasting longer to avoid tilt. The concern is securing your bankroll at first, not going after fast swings.
Why bother with the calculation of emotion to decide whether to increase or decrease the bet? I think it is more on bankroll management. Gambling with emotion is not healthy; it often leads to muddled decisions.
In a game of chance, I think it is best to bet uniformly, just like what you stated about consistency on betting. We have seen that applying the martingale strategy in a game of chance is often disastrous. It empties the bankroll faster.