Playing Razz Tourneys

[chucky]

Online Razz tourneys especially low buyin ones often involve players with a propensity to overcommit early to hands. This is shown most powerfully in 3 and 4 bet 3rd street. My question is given chips are at a premium should someone fold a hand like this one once he sees that two bigger players are going at it?

Tournament - Razz (80/160), Ante 16, Bring-In 24 (converter)

Hero: 1,176
Seat 2: 2,669
Seat 3: 2,661
Seat 4: 1,739
Seat 5: 2,838
Seat 6: 683
Seat 7: 2,497
Seat 8: 2,805

3rd Street - (1.60 SB)

Hero: 5[img]/images/graemlins/heart.gif[/img] 3[img]/images/graemlins/club.gif[/img] 7[img]/images/graemlins/club.gif[/img]___calls___calls___calls
Seat 2: xx xx 6[img]/images/graemlins/diamond.gif[/img]___raises___raises
Seat 3: xx xx 2[img]/images/graemlins/heart.gif[/img]___folds
Seat 4: xx xx 6[img]/images/graemlins/spade.gif[/img]___folds
Seat 5: xx xx 7[img]/images/graemlins/diamond.gif[/img]___folds
Seat 6: xx xx 9[img]/images/graemlins/club.gif[/img]___folds
Seat 7: xx xx K[img]/images/graemlins/heart.gif[/img]___brings-in___folds
Seat 8: xx xx 8[img]/images/graemlins/spade.gif[/img]___raises___raises___calls