I discuss melatonin's effects on sleep & its safety; I segue into the general benefits of sleep and the severely disrupted sleep of the modern Western world, the cost of melatonin use and the benefit (eg. enforcing regular bedtimes), followed by a basic cost-benefit analysis of melatonin concluding that the net profit is large enough to be worth giving it a try barring unusual conditions or very pessimistic safety estimates.
Full essay: http://www.gwern.net/Melatonin
I was prescribed melatonin for a sleep complaint some years ago and noticed no detectable improvement: I didn't get to sleep more easily, wake up less during the night, or feel more refreshed in the morning. What might explain this?
Too low of a dosage for your body's tolerance level could explain it.