Fastest way to search a list in python

When you do something like "test" in a where a is a list does python do a sequential search on the list or does it create a hash table representation to optimize the lookup? In the application I need this for I’ll be doing a lot of lookups on the list so would it be best to do something like b = set(a) and then "test" in b? Also note that the list of values I’ll have won’t have duplicate data and I don’t actually care about the order it’s in; I just need to be able to check for the existence of a value.

Why aren’t Python sets hashable?

I stumbled across a blog post detailing how to implement a powerset function in Python. So I went about trying my own way of doing it, and discovered that Python apparently cannot have a set of sets, since set is not hashable. This is irksome, since the definition of a powerset is that it is a set of sets, and I wanted to implement it using actual set operations.