Why is ranked choice voting preferable to actual runoff elections?

A:

Actual runoff elections result in a majority winner among those who vote, but voter turnout typically declines sharply when voters are asked to return to the polls in early July and in early December for primary and general election runoffs. In this era of big money politics, actual runoffs also mean that millions of dollars from out of state will be spent by special interests on negative advertising over the summer and during the Thanksgiving holiday. 

Runoff elections also disenfranchise overseas and military voters, cost taxpayers and towns more money, and mean that voters may still cast ballots strategically in the first round to avoid vote splitting that might impact who advances to the runoff.

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