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We investigate the asymptotic behaviour of the longest increasing subsequence $L_n$ in a sequence of i.i.d. random variables, for an arbitrary distribution. If the common distribution is atomless then a famous result by Hammersley and Veršik-Kerov states that $L_n$ grows like $2\sqrt {n}$. For any discrete distribution, we characterize the asymptotic order of $L_n$ through a variational problem and provide explicit estimates for classical distributions. The proofs rely on a coupling with an inhomogeneous version of the discrete-time continuous-space Hammersley process. This reveals that, in contrast to the continuous case, the discrete setting exhibits a wide range of growth rates between $\mathcal{O}(1)$ and $o(\sqrt {n})$, depending on the tail behaviour of the distribution. We can then easily deduce the asymptotics of $L_n$ for a completely arbitrary distribution.
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