No. of Recommendations: 5
After all the first round ballots are counted, if no candidate has 50%, the ballots of the voters who voted for candidates below 2nd place have their votes recounted for their 2nd rank vote. Those votes are added to the votes of the top two finishers. The process is repeated with 3rd rank votes if no one has 50% after round 2.
Not exactly. After the first round, the candidate with the smallest number of votes is eliminated, and those who voted for him/her have their second choice counted. If there is still no absolute majority, the next to last candidate is removed, etc. In Alaska, with four candidates on the ballot, there could be two elimination rounds.