Conventions:
Tools:
Update: Since Python 3.5 you can use type hints which is a compact, machine-readable syntax:
from typing import Dict, Union
def foo(i: int, d: Dict[str, Union[str, int]]) -> int:
"""
Explanation: this function takes two arguments: `i` and `d`.
`i` is annotated simply as `int`. `d` is a dictionary with `str` keys
and values that can be either `str` or `int`.
The return type is `int`.
"""
The main advantage of this syntax is that it is defined by the language and that it's unambiguous, so tools like PyCharm can easily take advantage from it.