Wooden Sword - I like how Link starts his mission without any weapons at all, and has to make an effort, albeit extremely minimal, to acquire his first item. I can't help wondering, though: Wouldn't it be more interesting if he had to navigate his way past a few enemies without a sword, or even his first shield? Additionally, the sword's throwing function gives Link a great incentive to maintain full life energy at all costs.
White Sword - This comes a little too early in the game. At the very latest, Link acquires it after completing level 2, so only foolish players who enter level 3 without it get to see the blob-like creatures split into chocolate chip-like creatures. An ambitious Link can get the white sword before even level 1, making the first two labyrinths a little less than challenging.
Magic Sword - Appearing halfway to late in the game, this weapon is one of the best payoffs. It's significantly more costly than its immediate predecessor, requiring you to complete the first four levels and find all five auxiliary heart containers (or perhaps more levels and fewer containers for the player who has yet to learn all the game's secrets). It's well worth the wait, and after finally acquiring it, Link gets to use it in up to five more levels. And unlike the flawed timing of the white sword, the magic sword's heart container requirements mean that you must first deal with the large jumping bat creatures splitting into smaller bats before later appreciating the convenience of slaying them with a single thrust.
Magic Shield - The difference between the defensive utilities of the regular and magic shields is just right. The fact that the magic shield can be involuntarily taken away from Link should he find himself trapped inside the layer-cake looking creatures who first appear in level 6 gives those otherwise unimposing enemies an added terror level, as Link has grown to appreciate the increased protection his magic shield provides him.
Bomb - This weapon proves its worth from start to finish, equally functional in harming all but some of the fiercest enemies and facilitating access both to key hidden rooms in the overworld and through critical walls in the underworlds. The economy of this item is the best in the game. Unlike the arrow, they don't cost money to use, but Link's limited capacity (eight, to begin with) and the scarcity with which slain enemies offer them force Link to use them somewhat conservatively. The 100-rupee four-bomb capacity upgrades in levels 5 and 7 are both well timed, if a little costly.
Blue Candle - Another great multifunctional item in Link's arsenal. Though with its limited range and once-per-screen use, the candle isn't as useful in combat situations as in its other functions, providing access to secret rooms in the overworld and lighting darkened rooms in the underworld. The only problem here is that Link never has to navigate dark rooms, since they don't appear until level 4 and even the most clueless player has sought out the candle by this point. Perhaps it would have been more interesting to have the layer-cake creatures take Link's fire producing capabilities rather than his magic shield.
Red Candle - This is the most useless weapon in Link's entire arsenal. The candle's upgrade from blue to red simply means you're no longer restricted to one use per screen. It might have been marginally helpful in avoiding some early fumbling around when Link has to burn all those bushes to find secret money giveaways, etc., but by level 7 all you need the candle for is to light up dark rooms, which only requires a single use anyway. You can't even use it to create a protective ring of fire around you because you're not allowed to have more than two lit flames at any given time. Finally, the candle's lighting function and utility against enemies are both rendered obsolete in the very next level when the magic book grants the power of flame, long distance no less, (and also multiple times per screen) to the magic rod.
Letter - Along with the bow and arrow set, the letter is something of a tease, but that's not such a bad thing. More such items would make the game a little too frustrating, but the task of first acquiring the letter makes the potions appropriately more valuable to Link.
Life Potions - Given their high value, the potions should probably be a little more expensive, but their expense, restriction to two uses per refill, the limited number of shops that offer them, (and the prerequisite acquisition of the letter) place them among Link's most cherished items. My only question is why anyone would pay 40 for the one-use bottle when the two-use bottle is only 28 rupees more.
Boomerang - Its functions are three: Kill very weak enemies; momentarily stun other enemies; retrieve rewards (money, energy) from defeated enemies. While the later levels largely prohibit you from implementing the boomerang for either of its first two functions, the last can become crucial when you really need a heart or fairy but can't risk chasing it down in person.
Magic Boomerang - Though it's made available just after the regular boomerang, this weapon's release in level 2 is very well timed. The regular boomerang proves immediately useful, but its limited range quickly becomes frustrating. Endowing Link with a full-range boomerang does not risk making him too powerful too early in the game, as the boomerang only destroys the simplest of enemies, and fails to stun more advanced enemies.
Bow - Finding this in level 1 is a little disappointing if you haven't already stocked your quiver with arrows, but this and the letter are the game's only tease items, and I think their empty utility only makes Link appreciate later items all the more.
Arrow - In contrast to bombs, Link's capacity of arrows is simply the amount of money he has, as they cost one rupee apiece. The arrow is only more effective than Link's sword against a small number of enemies, striking a good balance between cost and effectiveness.
Silver Arrow - This is a pretty lame final weapon. It's a good idea to have a single weapon that defeats the final villain, but as an update to the regular arrow, it rivals the red candle in unimpressiveness, having the same per-arrow cost and being no more effective against non-Ganon enemies than the regular arrow.
Raft - You really want the raft to be cooler than it is. Of all Link's accessories, it's the only vehicle, but once aboard, you don't even get to control it. Water is rather underused in The Legend of Zelda, containing a single enemy and being generally off limits to Link. The raft merely gives you access to level 4 and one extra heart container.
Ladder - Inversely proportional to the raft in attractiveness vs. expected utility, the ladder is at once incredibly useful, especially against non-levitating enemies who can't climb onto the ladder with you. A possible improvement to the ladder's use might have been to contain an overworld item, say, the power bracelet, in an area completely sealed off by thin rivers, so that Link must acquire the ladder before he can venture into this area.
Power Bracelet - A precursor and later complement to the recorder, this facilitates much quicker movement around Hyrule, most notably to one site conveniently located directly below a lake with a life-replenishing fairy. Appropriately, Link has to travel quite far to get it, thereby demonstrating its obvious utility and convenience.
Recorder - Definitely one of the game's cooler items. (So cool, it was borrowed by Super Mario Bros. 3.) The recorder is used right away after its acquisition in level 5 to topple that labyrinth's boss, but once outside level 5, the recorder becomes incredibly useful in allowing Link to travel instantaneously to the entry points of all levels previously completed, as well as to finally reveal the entrance to level 7.
Bait - Another among many reasons (red candle, recycled level boss) that level 7 is just lame. The bait's supposed main function is to attract enemies, making their movements more predictable and thus easier to defeat or avoid. Good in theory, but in reality it's not worth bothering with, and the bait ultimately just amounts to a glorified key when you find you need to sacrifice it to reach the end of level 7, all the more annoying if you haven't purchased it yet.
Magic Rod - This is a great complement to the sword series, possessing attributes both superior and inferior to those of the magic sword. The drawbacks are that it is only as powerful as the white sword, and isn't effective at all against some enemies. But unlike the swords, the magic rod maintains its long distance effects even when you have less than full energy, which is often. The magic rod is also extremely helpful in the moments immediately after Link's sword is paralyzed by those shimmering spheres that show up increasingly often in later levels. The timing of its availability is also well-chosen, as it's the last real weapon Link acquires, and he has three and a half levels in which to brandish it.
Magic Book - While other series weapons (sword, shield, boomerang, candle, arrow) see increased gains in power, range or amount, the magic book updates the magic rod by granting it a completely different function: casting flames wherever it lands. Now the magic rod is even more devastating as a weapon, and you don't have to switch to the candle to light up rooms anymore.
Magic Key - Though the use of keys is a little backwards in Hyrule - "normal" keys can only be used once, on any door, and only "magic" keys can be reused - it's good for Link to first learn to ration his keys and later be freed from this burden. That said, depending on how conservative you are with your keys, the magic key can be one of the least exciting accessories in the game. The careful and thorough Zelda player examines all options before unnecessarily wasting keys, and can build up a surplus of as many as eight or nine by the time this is finally available in level 8.
Blue Ring - Here we see not only Link's weapons evolving, but Link himself. The blue ring is appropriately the game's most costly item, monetarily anyway. Part of the genius of its utility is that it cuts Link's damage in half, while picking up flashing hearts still replenishes his energy by a full container, now equal to four (regular) hits instead of two.
Red Ring - This ring, doubling Link's energy yet again, shows up a little late in the game, and it would be nice to see a red superhuman Link easily slashing his way about the overworld (an event only really necessary if you wish to refill your potion or stock up on rupees for arrow expenditures after unsuccessful attempts at level 9). But the final labyrinth needs some good surprises to offset the difficulty of its vast size, confounding navigational routes and plethora of challenging enemies, and with the silver arrow's previously mentioned disappointing qualities, the red ring fills the role of the final payoff before the game's (anti-?) climactic battle with Ganon.
After attempting to answer someone's supposed counterargument in the comments section to my earlier post, I realized that there's a better explanation of the Monty Hall Problem that will hopefully satisfy/silence the doubters. First, I'll restate the problem:
Now let's consider the moment after you've selected Door A (because you always select Door A in this example) and Monty must eliminate Door B or Door C for you.
That means that for every 6 times you play the game, you'll have to choose between Door A and Door B 3 times. Of those 3 times, 2 of them will occur because Door B was the good door, and 1 of them will occur because Door A was the good door and Monty randomly eliminated Door C.
In either event, your chances are better if you change your original selection.
