In this case, Hanselman is the clear winner with three votes, whereas the other two candidates each have two votes. This is how our elections are held today.
This is dependent on the exact election taking place. With the US presidential elections, my understanding is that a plurality of electoral college votes is not enough to win, you need an actual majority. In the event of a simple plurality win with no majority, the result is decided by the House of Representatives (which may itself be tied).