I took this scenario right out of a book and I gave it to a friend. We both really disagree on what to do. i'm interested in your guys' input.
Here is the scenario:

Your in a huge tournament and have made the final table. The blinds are at 5,000/10,000 (this is no limit). Your opponents each have 490,000 before putting in their blinds. (so they have the exact same amount.) you on the other hand have done horribly and have only 30,000. you are in the big blind.

the player on the button goes all in and the other player calls all in.

you look at your hand and see AA.

do you fold? I do.

here is my reasoning: unless they both have the same exact hand, one is probably going to eliminate the other. If you call and lose, you get third. if you call and win you triple up to 90,000 but are against a gigantic stack of 890,000 and are pretty much gauranteed second.

Either you risk losing and getting third or you triple up and most likely get second. If you fold, you don't risk losing and will most likely win second.

my friend believes in gambling. through a program we have found that pocket aces average about an 80 percent chance of victory against most hands, none below a 75 percent chance.
given this he believe that if he calls, then he has an 80 percent chance to tripple his chances at getting first place. given the odds of winning are lower he still believes that trippleing his chances would be worth the 20 percent chance that he would only get third.

what do you guys think?