Talked to a friend at wharton, and he told me that adcom informally blacklists applicants who've applied more than twice. Their reasoning is that if you got dinged twice before, you should get the message and move on. This is very distrubing if true since I thought adcom would at least read your current application and give it a fair reading to see how much you've improved since your last app.

Is there any truth to what my friend said? If someone got dinged from a top school say 3 times, is it game over?