What happens if two players are eliminated on the same tournament hand?

How to use this answer

This answer is based on the mathematical principle or published rule identified in the source below. If the question involves a live betting market, confirm its settlement definition before applying it to a specific bet.

The player who began the hand with more chips generally finishes higher under common tournament rules.

Tournament rules are a useful reference, but a home game or cash game can have different house rules. Make the chip amounts, action sequence and card visibility clear before deciding a disputed hand.