Can someone tell me the specific mechanics of how preferential voting would/will work? I'd sure appreciate it.
Basically, you rank the candidates in order of preference. Lets say there are 4 candidates, Alan, Bob, Corey, and Dillon. After all the votes are cast, the number of 1st place votes is tallied.
Alan- 5 first place votes
Bob- 4 first place votes
Corey- 1 first place vote
Dillon- 2 first place votes.
Corey would be eliminated. The voter who voted for Corey as his first prefrence, would have his vote moved to his second preference, Bob.
Alan, 5
Bob, 5
Dillon, 2
Now Dillon would be eliminated. The people who voted for him ranked Alan second, so 2 votes would be given to Alan.
Alan wins, 7-5. There's probably a better explanation somewhere. You could try to dig up a thread of a Senate election, and see a real example.