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I can't fold AQ fast enough in this spot. Lately, any time I have a reasonable excuse for folding AQ I'm doing it. Call it results-oriented or nitty or whatever you want, but I've lost so many tournament chips and cash game dollars overplaying AQ that my new default play with it is to fold to any type of aggression.
The problem with shoving AQ over a raise is that it mostly only folds out worse hands and gets called by better hands and coinflips. If villain is calling 88+,AQ+, we are a 63% dog. Make that TT+,AK and we are a 68% dog. With your stack (not short but not big enough to take a risk like that) against a reasonable player, I think folding AQ is the best play here. Calling and then stacking off on a Q- or A-high flop against a 17/8 MP raiser is also undesirable, so what is the point in playing it?
Here's a better analysis for you. On an A73 rainbow flop against top 8%, we are a 78% favorite. On a Q73 rainbow we are a 77% favorite. The problem is that we only get an A-high flop 17% of the time (actually less since A is a large part of villain's range) and we only get a Q-high flop (Q no K) about 15-16% of the time. That doesn't account for times that there are too many broadways (AJT, QJT, etc.) and we still don't love our hand, so we only really like 25% of flops, and on the ones we like, we're about 75% to win. So calling and playing fit or fold on the flop, we are getting our money in a whopping 82% bad (1 - .25 * .75). Getting about 2:1 to call here from the BB is not good enough. So definitely a fold.
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