This paper investigates guesswork over ordered statistics and formulates the complexity of ordered statistics decoding (OSD) in binary additive white Gaussian noise (AWGN) channels. It first develops a new upper bound of guesswork for independent sequences, by applying the Holder's inequity to Hamming shell-based subspaces. This upper bound is then extended to the ordered statistics, by constructing the conditionally independent sequences within the ordered statistics sequences. We leverage the established bounds to formulate the best achievable decoding complexity of OSD that ensures no loss in error performance, where OSD stops immediately when the correct codeword estimate is found. We show that the average complexity of OSD at maximum decoding order can be accurately approximated by the modified Bessel function, which increases near-exponentially with code dimension. We also identify a complexity saturation threshold, where increasing the OSD decoding order beyond this threshold improves error performance without further raising decoding complexity. Finally, the paper presents insights on applying these findings to enhance the efficiency of practical decoder implementations.
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