Q:

python Pandas DataFrame copy(deep=False) vs copy(deep=True) vs '='

Could somebody explain to me a difference between
df2 = df1

df2 = df1.copy()

df3 = df1.copy(deep=False)

I have tried all options and did as follows:
df1 = pd.DataFrame([1,2,3,4,5])
df2 = df1
df3 = df1.copy()
df4 = df1.copy(deep=False)
df1 = pd.DataFrame([9,9,9])

and returned as follows:
df1: [9,9,9]
df2: [1,2,3,4,5]
df3: [1,2,3,4,5]
df4: [1,2,3,4,5]

So, I observe no difference in the output between .copy() and .copy(deep=False). Why? 
I would expect one of the options '=', copy(), copy(deep=False) to return [9,9,9]
What am I missing please?

A:

If you see the object IDs of the various DataFrames you create, you can clearly see what is happening. 
When you write df2 = df1, you are creating a variable named df2, and binding it with an object with id 4541269200. When you write df1 = pd.DataFrame([9,9,9]), you are creating a new object with id 4541271120 and binding it to variable df1, but the object with id 4541269200 which was previously bound to df1 continues to live. If there were no variables bound to that object, it will get garbage collected by Python.
In[33]: import pandas as pd
In[34]: df1 = pd.DataFrame([1,2,3,4,5])
In[35]: id(df1)
Out[35]: 4541269200

In[36]: df2 = df1
In[37]: id(df2)
Out[37]: 4541269200  # Same id as df1

In[38]: df3 = df1.copy()
In[39]: id(df3)
Out[39]: 4541269584  # New object, new id.

In[40]: df4 = df1.copy(deep=False)
In[41]: id(df4)
Out[41]: 4541269072  # New object, new id.

In[42]: df1 = pd.DataFrame([9, 9, 9])
In[43]: id(df1)
Out[43]: 4541271120  # New object created and bound to name 'df1'.

In[44]: id(df2)
Out[44]: 4541269200  # Old object's id not impacted.

Edit: Added on 7/30/2018
Deep copying doesn't work in pandas and the devs consider putting mutable objects inside a DataFrame as an antipattern. Consider the following:
In[10]: arr1 = [1, 2, 3]
In[11]: arr2 = [1, 2, 3, 4]
In[12]: df1 = pd.DataFrame([[arr1], [arr2]], columns=['A'])
In[13]: df1.applymap(id)
Out[13]: 
            A
0  4515714832
1  4515734952

In[14]: df2 = df1.copy(deep=True)
In[15]: df2.applymap(id)
Out[15]: 
            A
0  4515714832
1  4515734952

In[16]: df2.loc[0, 'A'].append(55)
In[17]: df2
Out[17]: 
               A
0  [1, 2, 3, 55]
1   [1, 2, 3, 4]
In[18]: df1
Out[18]: 
               A
0  [1, 2, 3, 55]
1   [1, 2, 3, 4]

df2, if it was a true deep copy should have had new ids for the lists contained within it. As a result, when you modify a list inside df2, it affects the list inside df1 as well, because they are the same objects.

A:

Deep copy creates new id's of every object it contains while normal copy only copies the elements from the parent and creates a new id for a variable to which it is copied to.
The reason for none of df2, df3 and df4 displaying [9,9,9] is:
In[33]: import pandas as pd
In[34]: df1 = pd.DataFrame([1,2,3,4,5])
In[35]: id(df1)
Out[35]: 4541269200

In[36]: df2 = df1
In[37]: id(df2)
Out[37]: 4541269200  # Same id as df1

In[38]: df3 = df1.copy()
In[39]: id(df3)
Out[39]: 4541269584  # New object, new id.

In[40]: df4 = df1.copy(deep=False)
In[41]: id(df4)
Out[41]: 4541269072  # New object, new id.

In[42]: df1 = pd.DataFrame([9, 9, 9])
In[43]: id(df1)
Out[43]: 4541271120  # New object created and bound to name 'df1'.

