Ethics and the placebo effect
Recent studies indicating that there need not be 'deception' in the administering of placebos[1] has re-invigorated ethical debate over the use of placebo treatments. If deception is taken out of the equation medical practitioners are free to administer placebo treatments.
A resounding 97% of 783 UK GPs who took part in a 2012 study admitted administering to patients some sort of placebo in their practice[2]. (It is misleading to say doctors were giving pure placebo treatments – in the main doctors were administering impure placebo, i.e. an antibiotic treatment to treat a virus or laboratory tests or physical examinations given to reassure patients). In ethical terms, the study found that 66% of the doctors felt that the use of pure placebos are acceptable under certain circumstances, although the majority felt that they were unacceptable when administered using deception. The other 34% of doctors felt pure placebos were always unacceptable. Of the impure variety, however, there was much more acceptance, with 84% of doctors believing that they were OK in some circumstances.
Studies that are being undertaken on how pure placebos work indicate that the 'bedside manner' or a caring approach has a major part to play in a patient's reception to any treatment. The administering of a physical placebo treatments (pills, injections, medical procedures etc.) with the patient in the right frame of mind (positive expectation) encourages changes in brain activity and hence positive results in the treatment's effectiveness.
There aren't any ethical issues if you consume a placebo yourself knowing exactly what you are taking. Whilst you might think the 'placebo effect' would be diminished or removed altogether there is research says otherwise. Placebos can be seen to work for some people some of the time. Everyone is different, each individual responding to stimuli in their own unique way. The following placebo treatments are guides only but one thing is for sure - the key ingredient to any procedure is to feel positive about the aims of the regime.

BBC Radio 4 'Today' interview with Professor Clare Gerada and Dr Margaret McCartney discuss the study: Placebo Use in the United Kingdom: Results from a National Survey of Primary Care Practitioners. [5 mins 34 sec]

[1]
Placebo pill given without deception works well with IBS sufferers
Scientific journal PLoS ONE
[2]
Placebo use in the United Kingdom
Scientific journal PLoS ONE