Critique my play on this hand please

[WSOPstar2B]

Seat 2: dodge73 (2155 in chips)
Seat 3: simply3 (1830 in chips)
Seat 4: jimog0034 (1090 in chips)
Seat 5: Dryvalley (4600 in chips)
Seat 6: alaskansam (3450 in chips)
Seat 7: Mad Max 26 (2380 in chips)
Seat 8: 72butsuited (4695 in chips)
Seat 9: tb2k (610 in chips)
tb2k: posts small blind 25
dodge73: posts big blind 50
*** HOLE CARDS ***
Dealt to 72butsuited [As Js]
simply3: folds
eliminator7 is connected
jimog0034: folds
Dryvalley: folds
alaskansam: raises 50 to 100
Mad Max 26: calls 100
72butsuited: calls 100
tb2k: folds
dodge73: calls 50
*** FLOP *** [Ad 3c 8s]
dodge73: checks
alaskansam: bets 150
Mad Max 26: raises 150 to 300
72butsuited: folds
dodge73: folds
alaskansam: calls 150
*** TURN *** [Ad 3c 8s] [9h]
alaskansam: checks
Mad Max 26: bets 150
alaskansam: calls 150
*** RIVER *** [Ad 3c 8s 9h] [Jc]
alaskansam: bets 300
Mad Max 26: calls 300
*** SHOW DOWN ***
alaskansam: shows [Qs Qd] (a pair of Queens)
Mad Max 26: shows [Ac 5c] (a pair of Aces)
Mad Max 26 collected 1925 from pot
*** SUMMARY ***
Total pot 1925 | Rake 0
Board [Ad 3c 8s 9h Jc]
Seat 2: dodge73 (big blind) folded on the Flop
Seat 3: simply3 folded before Flop (didn't bet)
Seat 4: jimog0034 folded before Flop (didn't bet)
Seat 5: Dryvalley folded before Flop (didn't bet)
Seat 6: alaskansam showed [Qs Qd] and lost with a pair of Queens
Seat 7: Mad Max 26 showed [Ac 5c] and won (1925) with a pair of Aces
Seat 8: 72butsuited (button) folded on the Flop
Seat 9: tb2k (small blind) folded before Flop

Did I play too tight & give them to much credit for having a strong hand? Should I generally think a player is playing strong w/a mediocre/week hand usually until I get a better idea of how they play?

I'm thinking as I write this that I should have reraised for information. What amount should it have been?

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[cferejohn]

Given no reads, I probably fold that too. IF Mad Max was thinking "I think the min-raise is a big PP, and unlikely to be AA since I hold one, and furthermore if the player who called behind me holds a better ace, I can probably push him off of it by raising" well, kudos to him. It is, of course, equally likely (unless you have evidence to the contrary) that his thought process was "WOAH! I HAVE A PAIR OF ACES!".

The power of acting immediately after the initial raiser, I guess...